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

Montauk Renewables

09/08/2023 23:27

* Montauk Renewables Inc  MNTK.OQ  reported quarterly
adjusted
earnings of 1 cent​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was
for earnings of 4 cents per share.
    * Revenue fell 21.5% to $53.26 million from a year ago;
analysts
expected $45.28 million. 
    * Montauk Renewables Inc's reported EPS for the quarter was
1
cent​.
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Montauk Renewables Inc shares had risen by 14.2% this
quarter and lost 22.9% so far this year.
    * The company reported quarterly net income of $1 million.
    * Wall Street's median 12-month price target for Montauk
Renewables Inc is $7.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 10:27 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.04           0.01           Missed
 Mar. 31 2023      -0.01          -0.03          Missed
 Dec. 31 2022      0.09           0.05           Missed
 Sep. 30 2022      0.13           0.08           Missed