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Montauk Renewables (MNTK) Q3 Earnings and Revenues Beat Estimates
MNTKMontauk energy(MNTK) ZACKS·2024-11-13 00:31

Core Insights - Montauk Renewables (MNTK) reported quarterly earnings of 0.12pershare,exceedingtheZacksConsensusEstimateof0.12 per share, exceeding the Zacks Consensus Estimate of 0.08 per share, and showing an increase from 0.09pershareayearago,resultingina500.09 per share a year ago, resulting in a 50% earnings surprise [1] - The company generated revenues of 65.92 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 7.58% and up from 55.69millionyear−over−year[2]−MontaukRenewablesshareshavedeclinedapproximately40.655.69 million year-over-year [2] - Montauk Renewables shares have declined approximately 40.6% year-to-date, contrasting with the S&P 500's gain of 25.8% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is 0.12 on revenues of 66.2million,andforthecurrentfiscalyear,itis66.2 million, and for the current fiscal year, it is 0.19 on revenues of 209.59million[7]−TheestimaterevisionstrendforMontaukRenewablesismixed,leadingtoaZacksRank3(Hold),indicatingexpectedperformanceinlinewiththemarket[6]IndustryContext−TheAlternativeEnergy−Otherindustry,towhichMontaukRenewablesbelongs,iscurrentlyrankedinthebottom41209.59 million [7] - The estimate revisions trend for Montauk Renewables is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Alternative Energy - Other industry, to which Montauk Renewables belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another company in the same industry, Fluence Energy, Inc. (FLNC), is expected to report quarterly earnings of 0.23 per share, reflecting a significant year-over-year increase of 1050% [9]