Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Altus Group Limited (TSE:AIF)
TSX:AIF
Holding TSE:AIF?
Track your performance easily
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.38Last Year’s EPS
0.46Same Quarter Last Year
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 3.48%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong recurring revenue and adjusted EBITDA growth, successful product launches, and a strategic share buyback program, indicating positive operational momentum. However, these positives were balanced by challenges in profitability, cash generation, and specific market segments like Appraisals and Development Advisory, along with broader market headwinds.Company Guidance
During the Altus Group's Q3 2024 earnings call, the company provided detailed guidance on various financial metrics. Revenue growth was primarily driven by their Analytics segment, which now constitutes 79% of their consolidated revenue base. Despite restructuring costs of $2 million, the company reported a 23.5% rise in adjusted EBITDA, leading to a 300 basis point improvement in margins. Recurring revenue, a significant performance indicator, increased by 7% to $95.4 million, representing 74% of their consolidated revenue. The Analytics business segment saw a notable margin expansion of 560 basis points for the quarter. While the Appraisals and Development Advisory segment faced challenges, including a forecasted high single-digit decline in revenue for fiscal 2024, the company remains focused on profitability improvements. Additionally, Altus Group's balance sheet showed a cash position of $39.6 million and a funded debt-to-EBITDA leverage ratio of 2.07x, with plans to enhance financial flexibility through divestitures.Strong Recurring Revenue Growth
Recurring revenue was up 7% year-over-year, comprising 94% of analytics revenues and 74% of the consolidated revenue base.
Adjusted EBITDA Growth
Adjusted EBITDA increased by 23.5%, resulting in a 300 basis point improvement in margin.
Positive Bookings Momentum
Recurring new bookings improved by 29.3% year-over-year, driven largely by strong VMS transactions.
Successful Launch of ARGUS Intelligence
ARGUS Intelligence was introduced as a next-generation product with enhanced capabilities, receiving positive feedback from clients.
Improved Cash Flow Conversion
Year-to-date, net cash related to operating activities increased by 106.5%, with free cash flow up by 154.6%.
Share Repurchase Program
Approximately $11 million was deployed towards share repurchases in Q3, with plans for a significant increase post-property tax divestiture.
---
TSE:AIF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
TSE:AIF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$53.97 | C$56.46 | +4.61% |
| Aug 08, 2024 | C$54.60 | C$50.72 | -7.11% |
| May 02, 2024 | C$50.34 | C$48.93 | -2.80% |
| Feb 22, 2024 | C$45.78 | C$49.47 | +8.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Altus Group Limited (TSE:AIF) report earnings?
Altus Group Limited (TSE:AIF) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Altus Group Limited (TSE:AIF) earnings time?
Altus Group Limited (TSE:AIF) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:AIF EPS forecast?
TSE:AIF EPS forecast for the fiscal quarter 2024 (Q4) is 0.38.
---