Q3 Earnings Estimate for ALTG Issued By Northland Securities

Alta Equipment Group Inc. (NYSE:ALTG) – Investment analysts at Northland Securities decreased their Q3 2026 earnings per share estimates for shares of Alta Equipment Group in a report issued on Friday, September 25th. Northland Securities analyst T. Jackson now forecasts that the company will post earnings per share of ($0.24) for the quarter, down from their previous estimate of ($0.18). The consensus estimate for Alta Equipment Group’s current full-year earnings is ($1.20) per share. Northland Securities also issued estimates for Alta Equipment Group’s Q4 2026 earnings at ($0.21) EPS, FY2026 earnings at ($1.13) EPS, Q1 2027 earnings at ($0.40) EPS, Q2 2027 earnings at ($0.15) EPS, Q3 2027 earnings at ($0.16) EPS, Q4 2027 earnings at ($0.11) EPS, FY2027 earnings at ($0.82) EPS, FY2028 earnings at ($0.62) EPS, FY2029 earnings at ($0.40) EPS and FY2030 earnings at ($0.13) EPS.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of Alta Equipment Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Citigroup reaffirmed an “outperform” rating on shares of Alta Equipment Group in a report on Friday. DA Davidson reissued a “neutral” rating and issued a $8.00 price objective on shares of Alta Equipment Group in a research report on Wednesday, June 24th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Alta Equipment Group in a research note on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $9.83.

Alta Equipment Group Stock Performance

Alta Equipment Group stock opened at $5.91 on Tuesday. Alta Equipment Group has a fifty-two week low of $4.16 and a fifty-two week high of $8.69. The stock has a market cap of $192.93 million, a PE ratio of -2.30 and a beta of 1.71. The firm’s 50-day simple moving average is $6.39 and its 200 day simple moving average is $6.42.

Alta Equipment Group (NYSE:ALTG) last posted its earnings results on Thursday, August 6th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.04). Alta Equipment Group had a negative return on equity of 3,253.61% and a negative net margin of 4.42%.The firm had revenue of $475.50 million during the quarter, compared to the consensus estimate of $488.71 million.

Institutional Trading of Alta Equipment Group

A number of large investors have recently bought and sold shares of ALTG. CastleKnight Management LP lifted its position in shares of Alta Equipment Group by 11.4% during the 4th quarter. CastleKnight Management LP now owns 870,128 shares of the company’s stock valued at $4,003,000 after buying an additional 89,068 shares during the last quarter. RBF Capital LLC increased its holdings in Alta Equipment Group by 35.2% in the 4th quarter. RBF Capital LLC now owns 179,956 shares of the company’s stock worth $828,000 after acquiring an additional 46,807 shares during the last quarter. NewEdge Advisors LLC raised its stake in Alta Equipment Group by 123.5% in the 1st quarter. NewEdge Advisors LLC now owns 117,418 shares of the company’s stock valued at $631,000 after acquiring an additional 64,880 shares during the period. Quantinno Capital Management LP lifted its holdings in Alta Equipment Group by 27.9% during the first quarter. Quantinno Capital Management LP now owns 114,033 shares of the company’s stock valued at $612,000 after purchasing an additional 24,908 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Alta Equipment Group by 22.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 80,419 shares of the company’s stock valued at $432,000 after purchasing an additional 14,933 shares during the last quarter. 73.58% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Alta Equipment Group

Here are the key news stories impacting Alta Equipment Group this week:

• Positive Sentiment: Northland raised its EPS forecasts for Alta Equipment’s second and third quarters of 2027, FY2027, FY2028, FY2029 and FY2030. The FY2027 forecast improved to a loss of $0.82 per share from $0.90, while the FY2030 estimate improved to a loss of $0.13 from $0.20, indicating expectations for gradual earnings improvement over the longer term. What is Northland Securities’ Forecast for ALTG Q3 Earnings?
• Neutral Sentiment: Despite the upward revisions, Northland still expects Alta Equipment to remain unprofitable across the forecast period. Its estimates imply a loss of $1.13 per share for FY2026, $0.82 for FY2027 and $0.62 for FY2028, while the broader consensus calls for a current-year loss of $1.18 per share. Investors may view the longer-term improvement positively, but the company’s ongoing losses limit the near-term bullish impact.
• Negative Sentiment: Northland lowered its Q3 2026 EPS estimate to a loss of $0.24 per share from $0.18 and cut its FY2026 estimate to a loss of $1.13 from $1.08. The weaker near-term outlook is the main negative catalyst, particularly given Alta Equipment’s latest reported quarter also missed expectations, with a $0.25 per-share loss versus the $0.21 consensus estimate and revenue of $475.5 million versus $488.7 million expected.

About Alta Equipment Group

Alta Equipment Group Inc is a provider of industrial and construction equipment, offering equipment sales, rentals, parts and maintenance services to businesses across the United States. The company serves customers in industries such as construction, manufacturing, warehousing, logistics, infrastructure and government.

Its product offerings include material-handling equipment, such as forklifts and warehouse vehicles, as well as construction equipment including earthmoving machinery, aerial work platforms, cranes and related products.