LanzaTech (US:LNZA) ZACKSยท2024-11-08 13:15Core Viewpoint - LanzaTech Global, Inc. reported a quarterly loss of $0.29 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.13, marking an earnings surprise of -123.08% [1][2] Financial Performance - The company posted revenues of $9.94 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 44.36%, and down from $19.61 million in the same quarter last year [2] - Over the last four quarters, LanzaTech has surpassed consensus EPS estimates only once [2] Stock Performance - LanzaTech shares have declined approximately 63.2% since the beginning of the year, contrasting with the S&P 500's gain of 25.2% [3] - The current Zacks Rank for LanzaTech is 4 (Sell), indicating expected underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.11 on revenues of $36 million, and for the current fiscal year, it is -$0.48 on revenues of $81.62 million [7] - The trend for estimate revisions ahead of the earnings release has been unfavorable, which may impact future stock performance [6] Industry Context - The Technology Services industry, to which LanzaTech belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a relatively strong industry performance [8]