Montauk Renewables Q2 EPS $0.01 Misses $0.04 Estimate, Sales $53.26M Beat $45.28M Estimate
Portfolio Pulse from vinayak@benzinga.com
Montauk Renewables (NASDAQ:MNTK) reported Q2 earnings of $0.01 per share, missing the analyst consensus estimate of $0.04 by 75%. This is a 92.31% decrease from the same period last year. However, the company reported quarterly sales of $53.26 million, beating the analyst consensus estimate of $45.28 million by 17.61%. This is a 21.55% decrease from the same period last year.
August 09, 2023 | 9:00 pm
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NEGATIVE IMPACT
Montauk Renewables reported lower than expected Q2 earnings but higher than expected sales.
The company's earnings missed the analyst consensus estimate by a significant margin, which could negatively impact the stock price. However, the higher than expected sales could offset some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100