Opal Fuels Inc reports results for the quarter ended March 31 - Earnings Summary

• Opal Fuels Inc OPAL.OQ reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of six analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 5 cents to 7 cents per share.

• Revenue rose 31.5% to $85.41 million from a year ago; analysts expected $86.33 million.

• Opal Fuels Inc's reported EPS for the quarter was a loss of 1 cent​.

• The company reported a quarterly loss of $235 thousand.

• Opal Fuels Inc shares had risen by 27.7% this quarter and lost 30.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 58.1% 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," 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 $4.75

This summary was machine generated from LSEG data May 9 at 02:30 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)