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

Montauk Renewables

11/05/2023 24:29

* Montauk Renewables Inc  MNTK.OQ  reported a quarterly
adjusted
loss of 3 cents​​ per share for the quarter ended in March. The
mean expectation of three analysts for the quarter was for a
loss of one cent per share.
    * Revenue fell 40.5% to $19.15 million from a year ago;
analysts
expected $39.90 million. 
    * Montauk Renewables Inc's reported EPS for the quarter was
a loss
of 3 cents​.
    * The mean earnings estimate of analysts had fallen by
about 112.5% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Montauk Renewables Inc shares had fallen by 19.2% this
quarter and lost 42.3% so far this year.
    * The company reported a quarterly loss of $3.79 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 "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 11:29 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.14           0.13           Missed