I'm so confused the Earnings report was beyond stellar based on the K-8 and the Earning calls.
If anything this should have been a massive gap up from the markets predicting a -.08 loss to a +.05 per share.
It looks like the Google and yahoo showings for the surprise is broken by sayin a revenue 5% beat with a a EPS miss showing -248.67 which is wrong because most reputable analyst are sayin a +200 EPS. Is this broken algorithm the reason its dumping? should this massively correct? They actually posted a net profit outside of tax credits and hedging so the underlying business did great and H.C. Wainwright double their targets from 5.5 to 10 right before the opening bell
Can anyone please explain to me why this happened? is the market completely wrong or am I just dumb
I have 80 contracts and 1900 shares
Can someone explain to me why $ALTO crashed with a massive .13 beat and +200 surprise?
byu/TheLesserAltomare instocks
Posted by TheLesserAltomare
4 Comments
“Alto Ingredients produces high-quality alcohol, protein, and specialty feed products for diverse industries (including beverage, food, and pharmaceuticals) and low-carbon renewable fuel. They are undergoing a strategic transition to increase production capacity and improve efficiency at their key facilities, such as the Pekin”
Do you mean PANW? Because that’s up.
Sorry for a typical reddit answer but their great ER was priced in. It was up over 150% in under 3 months, over 600% on the 1Y chart. People are taking profits.
They had decreased net sales and decreased total gallons sold. Revenue down 1% yoy. They did improve on margins so that’s big, but you can’t just look at EPS alone and expect a stock to sky rocket. Anytime a company has negative revenue growth, institutions aren’t going to consider their earnings report a “massive beat”, especially if it’s already been on a crazy run. Long term it’ll probably be fine though
nobody tell him