Montauk Renewables Q1 2024 GAAP EPS $0.01, Inline, Sales $38.787M Miss $44.921M Estimate
Portfolio Pulse from Benzinga Newsdesk
Montauk Renewables (NASDAQ:MNTK) reported Q1 2024 earnings of $0.01 per share, meeting consensus estimates but missing sales forecasts with $38.787M versus the expected $44.921M. This represents a significant improvement from the previous year, with earnings up 133.33% and sales increasing by 102.50%.
May 09, 2024 | 8:51 pm
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Montauk Renewables reported Q1 2024 earnings per share of $0.01, aligning with estimates, but missed sales expectations by 13.66%, reporting $38.787M against a $44.921M forecast.
While Montauk Renewables met EPS estimates, the miss on sales forecasts could temper investor enthusiasm short term. However, the substantial year-over-year growth in both earnings and sales may mitigate negative sentiment, leading to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100