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

Montauk Renewables

14/03/2024 22:35

* Montauk Renewables Inc  MNTK.OQ  reported quarterly
adjusted
earnings of 3 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 5 cents.  The mean expectation of
four analysts for the quarter was for earnings of 7 cents per
share. Wall Street expected results to range from 5 cents to 10
cents per share.
    * Revenue fell 5.7% to $46.81 million from a year ago;
analysts
expected $56.87 million. 
    * Montauk Renewables Inc's reported EPS for the quarter was
3
cents​.
    * The company reported quarterly net income of $4.8 million.
    * Montauk Renewables Inc shares had fallen by 45.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Montauk
Renewables Inc is $9.25 

This summary was machine generated from LSEG data March 14 at
10:34 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      0.07           0.03           Missed
 Sep. 30 2023      0.10           0.09           Missed
 Jun. 30 2023      0.04           0.01           Missed
 Mar. 31 2023      -0.01          -0.03          Missed