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Altus Group Limited (TSE:AIF)
TSX:AIF
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.43Last Year’s EPS
0.19Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely constructive picture: the company achieved sustained margin expansion, steady recurring revenue and ARR growth, tangible AI/product progress (including a patent), strong cash generation and an aggressive capital return authorization. Challenges were noted in the Data business (churn and slower growth), VMS comparability due to one‑time timing effects, reporting/guidance uncertainty tied to ongoing divestitures and FX, and some one‑time adjustments affecting comparability. Management emphasized cost discipline and a clear strategic focus, which offsets many of the near‑term headwinds.Company Guidance
Margin Expansion and Operating Leverage
Consolidated margins improved by ~310 basis points year over year. Analytics segment adjusted EBITDA margins expanded ~360 basis points in the quarter and ~270 basis points for the full year, with Analytics finishing at ~33% adjusted EBITDA margin. The company delivered its sixth consecutive quarter of margin expansion driven by revenue growth, portfolio optimization, delivery efficiency and cost discipline.
Recurring Revenue and ARR Growth
Software revenue grew 5.4% year over year with ARGUS Intelligence delivering double‑digit growth. ARGUS ARR was reported as healthy (cited ~11% growth in the quarter in Q&A). VMS revenue grew 9.8% in the quarter (note: included a one‑time timing benefit; underlying VMS growth ~5%). Recurring revenue, software and VMS ARR and retention metrics are all trending positively.
Strong Cash Generation and Enhanced Capital Return Plan
The company reported double‑digit growth driven by record cash conversion and a very strong balance sheet. The Board authorized flexibility to deploy up to $800 million this year for capital returns and is evaluating methods to return up to an additional $450 million in H1 2026, with plans to be in the market within ~100 days.
Product & AI Leadership — Faster Valuations and IP
Management emphasized ARGUS franchise strength and AI as an accelerator. Internal demos showed automation could reduce time to valuation by up to 90%. New AI features (Benchmark Manager, advanced Valuation Agent) are being tested and the company received a patent for the Altus Knowledge Graph, enhancing proprietary data and benchmarking capabilities.
Customer Momentum and Platform Migration
The majority of ARGUS Enterprise clients recontracted and management cited major broker upgrades (JLL, Newmark, Cushman) migrating to ARGUS Intelligence. Approximately 80% of ARGUS Enterprise ARR is now on ARGUS Intelligence and ~40% of ARGUS Intelligence revenue is asset‑based; VMS is fully asset‑based, increasing recurring/usage alignment.
Portfolio Simplification and Strategic Divestitures
Announced sale of the Canadian Appraisals business (moved to discontinued operations) and an LOI for the Canadian Development Advisory business; management is pursuing additional noncore divestitures to sharpen focus on analytics and prepare for a planned U.S. listing in 2027.
Cost Actions and Structural Efficiency
Initiated a restructuring program and other cost actions expected to deliver millions of dollars in annualized savings. Management highlighted ongoing optimization of R&D and G&A and plans to eliminate the corporate cost line in 2026 to streamline reporting and operations.
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 |
|---|---|---|---|
Feb 19, 2026 | C$41.10 | C$42.85 | +4.26% |
Nov 06, 2025 | C$53.63 | C$47.18 | -12.03% |
Aug 07, 2025 | C$52.12 | C$52.79 | +1.30% |
May 08, 2025 | C$52.03 | C$54.47 | +4.70% |
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 Apr 30, 2026, After Close (Confirmed).
What is Altus Group Limited (TSE:AIF) earnings time?
Altus Group Limited (TSE:AIF) earnings time is at Apr 30, 2026, After Close (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 2026 (Q1) is 0.43.