Lanzatech Global Inc reports results for the quarter ended in December - Earnings Summary

Lanzatech Global

29/02/2024 21:15

* Lanzatech Global Inc  LNZA.OQ  reported a quarterly
adjusted
loss of 10 cents​​ per share for the quarter ended in December. 
The mean expectation of two analysts for the quarter was for a
loss of 8 cents per share. Wall Street expected results to range
from -8 cents to -8 cents per share.
    * Revenue was $20.46 million​; analysts expected $36.50
million. 
    * Lanzatech Global Inc's reported EPS for the quarter was a
loss
of 10 cents​.
    * The company reported a quarterly loss of $18.67 million.
    * Lanzatech Global Inc shares had fallen by 39.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the environmental
services & equipment peer group is  "buy."

Wall Street's median 12-month price target for Lanzatech Global
Inc is $8.00 
This summary was machine generated from LSEG data February 29 at
09:14 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.08          -0.10          Missed
 Sep. 30 2023      -0.12          -0.13          Missed