Montauk Renewables (MNTK) Q3 Earnings and Revenues Beat Estimates

Core Insights - Montauk Renewables (MNTK) reported quarterly earnings of $0.12 per share, exceeding the Zacks Consensus Estimate of $0.08 per share, and showing an increase from $0.09 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 $55.69 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 $66.2 million, and for the current fiscal year, it is $0.19 on revenues of $209.59 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]