Alto Ingredients, Inc. (ALTO) Q3 2024 Earnings Call Transcript
Alto Ingredients (ALTO) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of $0.02. This compares to loss of $0.05 per share a year ago.
Alto Ingredients (ALTO) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Alto Ingredients, Inc. (NASDAQ:ALTO ) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Kirsten Chapman - LHA Investor Relations Bryon McGregor - President and Chief Executive Officer Rob Olander - Chief Financial Officer Conference Call Participants Sameer Joshi - H.C. Wainwright Eric Stine - Craig-Hallum Capital Group Justin Dopierala - DOMO Capital Management, LLC Operator Good afternoon, and welcome to the Alto Ingredients Inc. Second Quarter 2024 Financial Results Conference Call.
Alto Ingredients (ALTO) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to earnings of $0.10 per share a year ago.
Alto Ingredients (ALTO) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Alto Ingredients (ALTO) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.