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

Montauk Renewables

09/08/2024 11:31

* Montauk Renewables Inc  MNTK.OQ  reported a quarterly
adjusted
loss of 1 cent​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 1 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 4 cents to 10 cents per share.
    * Revenue fell 18.6% to $43.34 million from a year ago;
analysts
expected $46.97 million. 
    * Montauk Renewables Inc's reported EPS for the quarter was
a loss
of 1 cent​.
    * The company reported a quarterly loss of $712 thousand.
    * Montauk Renewables Inc shares had fallen by 6.1% this
quarter and lost 40.0% so far this year.

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." 
    * The average consensus recommendation for the electric
utilities
peer group is also "buy"

Wall Street's median 12-month price target for Montauk
Renewables Inc is $7.13 
This summary was machine generated from LSEG data August 9 at
10:30 a.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      0.07           -0.01          Missed
 Mar. 31 2024      0.01           0.01           Met
 Dec. 31 2023      0.07           0.03           Missed
 Sep. 30 2023      0.10           0.09           Missed