Montauk Renewables Inc reports results for the quarter ended June 30 - Earnings Summary

• Montauk Renewables Inc MNTK.OQ reported a quarterly adjusted loss of 4 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of four analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from zero cents to 3 cents per share.

• Revenue rose 4.1% to $45.13 million from a year ago; analysts expected $43.54 million.

• Montauk Renewables Inc's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $5.49 million.

• Montauk Renewables Inc shares had fallen by 6.8% this quarter and lost 48.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is "buy."

• Wall Street's median 12-month price target for Montauk Renewables Inc is $2.93, about 28.9% above its last closing price of $2.08

This summary was machine generated from LSEG data August 7 at 01:40 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)