Altair Engineering Inc. (NASDAQ:ALTR) an engineering software firm, is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.08 per share.
For the full year, analysts predict revenues of $ 452.53 million, while looking forward to income of $ 0.10 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 96.00 million ~ $ 100.00 million
Full Year 2020 topline are forecasted in a range of$ 443.00 million ~ $ 455.00 million
Click Here For More Historical Outlooks Of Altair Engineering Inc.
Previous Quarter Performance
Altair Engineering Inc. disclosed loss for the second quarter of $ 0.02 per share, from the revenue of $ 98.56 million. The consensus estimates are loss of $ 0.02 per share from $ 94.12 million in revenue. The top line results outshined analysts by $ 4.44 million or 4.72 percent.
Stock Performance
Shares of Altair Engineering Inc. traded up $ 1.71 or 3.82 percent on Wednesday, reaching $ 46.43 with volume of 181.20 thousand shares. Altair Engineering Inc. has traded high as $ 46.90 and has cracked $ 44.69 on the downward trend
The closing price of $ 46.43, representing a 94.10 % increase from the 52 week low of $ 23.04 and a 5.71 % decrease over the 52 week high of $ 47.43.
The company has a market capital of $ 3.39 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 14th October 2020, upgraded by Benchmark to Buy from Hold rating.
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions worldwide. The company operates through two segments, Software and Client Engineering Services. Its integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling and embedded systems.
