Montauk Renewables (NASDAQ:MNTK) reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Montauk Renewables missed estimated earnings by 200.0%, reporting an EPS of $-0.03 versus an estimate of $-0.01.
Revenue was down $13.02 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.04 which was followed by a 14.3% drop in the share price the next day.
Here’s a look at Montauk Renewables’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.09 | 0.13 | 0.13 | 0.09 |
| EPS Actual | 0.05 | 0.08 | 0.13 | -0.01 |
| Revenue Estimate | 57.32M | 59.80M | 50.70M | 39.70M |
| Revenue Actual | 49.64M | 55.86M | 67.88M | 32.17M |
To track all earnings releases for Montauk Renewables visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
