Montauk Renewables Inc reports results for the quarter ended in December - Earnings Summary

Montauk Renewables

16/03/2023 21:37

* Montauk Renewables Inc  MNTK.OQ  reported quarterly
adjusted
earnings of 5 cents​​ per share for the quarter ended in
December. The mean expectation of three analysts for the quarter
was for earnings of 9 cents per share.
    * Revenue rose 9.7% to $49.64 million from a year ago;
analysts
expected $57.33 million. 
    * Montauk Renewables Inc's reported EPS for the quarter was
5
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Montauk Renewables Inc shares had fallen by 18.2% this
quarter.
    * The company reported quarterly net income of $5.97
million.
    * Wall Street's median 12-month price target for Montauk
Renewables Inc is $9.00 
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 16 at 09:37 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.09           0.05           Missed
 Sep. 30 2022      0.13           0.08           Missed
 Jun. 30 2022      0.14           0.13           Missed
 Mar. 31 2022      0.09           -0.01          Missed