Lanzatech Global Inc reports results for the quarter ended September 30 - Earnings Summary
08/11/2024 16:23
* Lanzatech Global Inc LNZA.OQ reported a quarterly
adjusted
loss of 29 cents per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of -13 cents. The mean expectation of four analysts for the
quarter was for a loss of 12 cents per share. Wall Street
expected results to range from -16 cents to -7 cents per share.
* Revenue fell 49.3% to $9.94 million from a year ago;
analysts
expected $17.94 million.
* Lanzatech Global Inc's reported EPS for the quarter was a
loss
of 29 cents.
* The company reported a quarterly loss of $57.43 million.
* Lanzatech Global Inc shares had fallen by 3.1% this
quarter and
lost 63.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 21.7%
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 4.88
This summary was machine generated from LSEG data November 8 at
04:23 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
Sep. 30 2024 -0.12 -0.29 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