Alto Ingredients swings to Q2 profit on higher sales
ALTO•Q2 results
- Renewable fuels producer's Q2 sales rose 12% yr/yr to $245.7 mln.
- Q2 net income swung to $11.4 mln profit from $11.3 mln loss last year.
- Q2 adjusted EBITDA was $23.7 mln, above the $17.19 mln consensus estimate from two analysts.
- Q2 gross profit was $16.6 mln.
- Q2 EPS was $0.15.
Analyst coverage
- The current average analyst rating on the shares is buy, with 2 strong buy or buy ratings and no hold, sell or strong sell ratings.
- The average consensus recommendation for the renewable fuels peer group is buy.
- Wall Street's median 12-month price target for Alto Ingredients Inc is , about above its August 4 closing price of .
