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

Montauk Renewables

10/05/2024 08:10

* Montauk Renewables Inc  MNTK.OQ  reported quarterly
adjusted
earnings of 1 cent​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -3 cents.  The mean expectation of four analysts
for the quarter was for earnings of one cent per share. Wall
Street expected results to range from -2 cents to 6 cents per
share.
    * Revenue rose 102.5% to $38.79 million from a year ago;
analysts
expected $44.92 million. 
    * Montauk Renewables Inc's reported EPS for the quarter was
1
cent​.
    * The company reported quarterly net income of $1.85
million.
    * Montauk Renewables Inc shares had risen by 1.0% this
quarter and
lost 52.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 92.5%
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 $7.00 
This summary was machine generated from LSEG data May 10 at
07:09 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
 Mar. 31 2024      0.01           0.01           Met
 Dec. 31 2023      0.10           0.03           Missed
 Sep. 30 2023      0.10           0.09           Missed
 Jun. 30 2023      0.04           0.01           Missed