Montauk Renewables Inc reports results for the quarter ended September 30 - Earnings Summary
12/11/2024 23:32
* Montauk Renewables Inc MNTK.OQ reported quarterly
adjusted
earnings of 12 cents per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 9 cents. The mean expectation of four analysts
for the quarter was for earnings of 10 cents per share. Wall
Street expected results to range from 8 cents to 10 cents per
share.
* Revenue rose 18.4% to $65.92 million from a year ago;
analysts
expected $61.08 million.
* Montauk Renewables Inc's reported EPS for the quarter was
12
cents.
* The company reported quarterly net income of $17.05
million.
* Montauk Renewables Inc shares had risen by 1.5% this
quarter and
lost 40.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 5.6%
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 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the electric
utilities
peer group is "hold."
Wall Street's median 12-month price target for Montauk
Renewables Inc is $6.13
This summary was machine generated from LSEG data November 12 at
11:32 p.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
Sep. 30 2024 0.10 0.12 Beat
Jun. 30 2024 0.07 -0.01 Missed
Mar. 31 2024 0.01 0.01 Met
Dec. 31 2023 0.07 0.03 Missed