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

Lanzatech Global

08/08/2024 14:30

* Lanzatech Global Inc  LNZA.OQ  reported a quarterly
adjusted
loss of 14 cents​​ per share for the quarter ended in June.  The
mean expectation of four analysts for the quarter was for a loss
of 11 cents per share. Wall Street expected results to range
from -12 cents to -11 cents per share.
    * Revenue rose 34.5% to $17.38 million from a year ago;
analysts
expected $14.11 million. 
    * Lanzatech Global Inc's reported EPS for the quarter was a
loss
of 14 cents​.
    * The company reported a quarterly loss of $27.8 million.
    * Lanzatech Global Inc shares had fallen by 28.1% this
quarter and
lost 73.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.4%
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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the environmental
services & equipment peer group is also "buy"

Wall Street's median 12-month price target for Lanzatech Global
Inc is $5.50 
This summary was machine generated from LSEG data August 8 at
01:30 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
 Jun. 30 2024      -0.11          -0.14          Missed
 Mar. 31 2024      -0.13          -0.13          Met
 Dec. 31 2023      -0.08          -0.10          Missed
 Sep. 30 2023      -0.12          -0.13          Missed