Opal Fuels Inc reports results for the quarter ended in June - Earnings Summary

Opal Fuels

08/08/2024 03:09

* Opal Fuels Inc  OPAL.OQ  reported a quarterly adjusted
loss of 1
cent​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -6
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 8 cents per share. Wall Street expected
results to range from 5 cents to 11 cents per share.
    * Revenue rose 28.9% to $70.95 million from a year ago;
analysts
expected $80.95 million. 
    * Opal Fuels Inc's reported EPS for the quarter was a loss
of 1
cent​.
    * The company reported a quarterly loss of $153 thousand.
    * Opal Fuels Inc shares had fallen by 7.8% this quarter and
lost 31.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9.1%
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 7 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Opal Fuels Inc is
$8.00 
This summary was machine generated from LSEG data August 8 at
02:09 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
 Jun. 30 2024      0.08           -0.01          Missed
 Mar. 31 2024      0.02           -0.01          Missed
 Dec. 31 2023      0.17           0.11           Missed
 Sep. 30 2023      0.11           -0.01          Missed