Montauk Renewables Inc reports results for the quarter ended December 31 - Earnings Summary

• Montauk Renewables Inc MNTK reported a quarterly adjusted loss of 6 cents​​ per share for the quarter ended December 31, lower 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 5 cents per share. Wall Street expected results to range from 2 cents to 10 cents per share.

• Revenue fell 40.8% to $27.69 million from a year ago; analysts expected $56.32 million.

• Montauk Renewables Inc's reported EPS for the quarter was a loss of 6 cents​.

• The company reported a quarterly loss of $8.45 million.

• Montauk Renewables Inc shares had fallen by 28.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.2% 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 "hold" and the breakdown of recommendations is no "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electric utilities peer group is also "hold"

Wall Street's median 12-month price target for Montauk Renewables Inc is $5.50

This summary was machine generated from LSEG data March 13 at 01:12 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)