Opal Fuels Inc reports results for the quarter ended in September 30 - Earnings Summary

Opal Fuels

08/11/2024 05:28

* Opal Fuels Inc  OPAL.OQ  reported quarterly adjusted
earnings of
9 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -1 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 16 cents per share. Wall Street
expected results to range from 7 cents to 32 cents per share.
    * Revenue rose 18.2% to $84.05 million from a year ago;
analysts
expected $89.16 million. 
    * Opal Fuels Inc's reported EPS for the quarter was 9
cents​.
    * The company reported quarterly net income of $2.36
million.
    * Opal Fuels Inc shares had risen by 5.5% this quarter and
lost 30.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"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
$7.75 
This summary was machine generated from LSEG data November 8 at
05:28 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
 Sep. 30 2024      0.16           0.09           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