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

• Opal Fuels Inc OPAL.OQ reported quarterly adjusted earnings of 3 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of five analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 11 cents to 50 cents per share.

• Revenue rose 13.4% to $80.46 million from a year ago; analysts expected $84.48 million.

• Opal Fuels Inc's reported EPS for the quarter was 3 cents​.

• The company reported quarterly net income of $800 thousand.

• Opal Fuels Inc shares had fallen by 2.5% this quarter and lost 30.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.6% 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 4 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is "hold."

• Wall Street's median 12-month price target for Opal Fuels Inc is $3.75, about 39.7% above its last closing price of $2.26

This summary was machine generated from LSEG data August 8 at 05:07 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)