Montauk Renewables Q2 2024 GAAP EPS $(0.01) Misses $0.07 Estimate, Sales $43.338M Miss $49.649M Estimate
Portfolio Pulse from Benzinga Newsdesk
Montauk Renewables (NASDAQ:MNTK) reported Q2 2024 GAAP EPS of $(0.01), missing the $0.07 estimate by 114.29%. Sales were $43.338M, missing the $49.649M estimate by 12.71% and down 18.62% from last year's $53.256M.
August 08, 2024 | 8:26 pm
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Montauk Renewables reported disappointing Q2 2024 results with a GAAP EPS of $(0.01), missing the $0.07 estimate by 114.29%. Sales also fell short at $43.338M, missing the $49.649M estimate by 12.71% and down 18.62% YoY.
The significant miss on both EPS and sales estimates, along with a notable year-over-year decline in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100