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

Montauk Renewables

10/11/2022 05:44

* Montauk Renewables Inc  MNTK.OQ  reported quarterly
adjusted
earnings of 8 cents​​ per share for the quarter ended in
September. The mean expectation of two analysts for the quarter
was for earnings of 13 cents per share.
    * Revenue rose 40.5% to $55.86 million from a year ago;
analysts
expected $59.80 million. 
    * Montauk Renewables Inc's reported EPS for the quarter was
8
cents​.
    * The mean earnings estimate of analysts had risen by
about 13% in
the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Montauk Renewables Inc shares had fallen by 26.1% this
quarter and gained 25.7% so far this year.
    * The company reported quarterly net income of $11.19
million.
    * Wall Street's median 12-month price target for Montauk
Renewables Inc is $12.75 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
10 at 05:44 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.13           0.08           Missed
 Jun. 30 2022      0.14           0.13           Missed
 Mar. 31 2022      0.09           -0.01          Missed
 Dec. 31 2021      0.05           0.04           Missed