Montauk Renewables Q3 EPS $0.09 Up From $0.08 YoY, Sales $55.69M Miss $57.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
Montauk Renewables (NASDAQ:MNTK) reported Q3 earnings of $0.09 per share, a 12.5% increase YoY. However, the company's quarterly sales of $55.69M missed the analyst consensus estimate of $57.93M by 3.88%, marking a 0.31% decrease YoY.
November 09, 2023 | 10:28 pm
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Montauk Renewables reported a YoY increase in Q3 earnings but missed sales estimates. This mixed report may lead to uncertainty in the market.
Montauk Renewables reported a YoY increase in Q3 earnings, which is a positive signal for investors. However, the company missed sales estimates, which could be a concern. The mixed report may lead to uncertainty in the market, making it difficult to predict the short-term price direction.
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IMPORTANCE 80
RELEVANCE 100