Recap: Montauk Renewables Q4 Earnings
Portfolio Pulse from Benzinga Insights
Montauk Renewables (NASDAQ:MNTK) reported Q4 earnings with an EPS of $0.04, missing estimates by -43.0% and a revenue decrease of $2.84 million from the previous year. This follows a pattern of missed EPS estimates in previous quarters, notably leading to a 37.0% share price drop after last quarter's earnings miss.
March 14, 2024 | 9:00 pm
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Montauk Renewables reported a significant miss in Q4 earnings and a year-over-year revenue decrease, continuing a trend of earnings disappointments.
Given the historical context of Montauk Renewables' stock price dropping significantly (37.0%) after the last earnings miss, the Q4 earnings miss and revenue decrease are likely to negatively impact investor sentiment and the stock price in the short term. The pattern of missed earnings and the substantial miss this quarter (-43.0%) further exacerbate concerns.
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