What is Seaport Res Ptn's Estimate for LNZA FY2024 Earnings?

LanzaTech Global, Inc. (NASDAQ:LNZA - Free Report) - Equities research analysts at Seaport Res Ptn dropped their FY2024 EPS estimates for LanzaTech Global in a report issued on Monday, November 18th. Seaport Res Ptn analyst J. Campbell now expects that the company will earn ($0.77) per share for the year, down from their prior forecast of ($0.56). The consensus estimate for LanzaTech Global's current full-year earnings is ($0.58) per share. Seaport Res Ptn also issued estimates for LanzaTech Global's Q4 2024 earnings at ($0.22) EPS, Q1 2025 earnings at ($0.07) EPS, Q2 2025 earnings at ($0.14) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.43) EPS, Q1 2026 earnings at ($0.12) EPS, Q2 2026 earnings at ($0.12) EPS, Q3 2026 earnings at ($0.12) EPS and FY2026 earnings at ($0.47) EPS.

LanzaTech Global (NASDAQ:LNZA - Get Free Report) last announced its earnings results on Friday, November 8th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.16). LanzaTech Global had a negative return on equity of 180.10% and a negative net margin of 223.03%. The business had revenue of $9.94 million for the quarter, compared to analysts' expectations of $17.87 million. During the same quarter last year, the firm earned ($0.13) earnings per share.

Separately, TD Cowen dropped their price objective on shares of LanzaTech Global from $3.00 to $2.00 and set a "hold" rating on the stock in a research note on Monday, November 11th.

LanzaTech Global Stock Performance

Shares of LanzaTech Global stock traded up $0.01 on Wednesday, reaching $1.02. 377,557 shares of the stock were exchanged, compared to its average volume of 441,885. LanzaTech Global has a twelve month low of $0.95 and a twelve month high of $5.73. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 6.64. The firm has a market capitalization of $201.72 million, a price-to-earnings ratio of -1.55 and a beta of 1.58. The business has a 50 day moving average price of $1.70 and a two-hundred day moving average price of $1.87.

Institutional Trading of LanzaTech Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LNZA. XTX Topco Ltd purchased a new position in LanzaTech Global during the 2nd quarter worth approximately $26,000. Intech Investment Management LLC acquired a new position in LanzaTech Global in the third quarter valued at $29,000. Principal Financial Group Inc. purchased a new stake in shares of LanzaTech Global in the second quarter valued at about $28,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in LanzaTech Global by 8.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 227,627 shares of the company's stock valued at $435,000 after acquiring an additional 18,391 shares during the period. Finally, Geode Capital Management LLC increased its position in LanzaTech Global by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,237,303 shares of the company's stock valued at $4,274,000 after acquiring an additional 23,023 shares during the period. Institutional investors and hedge funds own 17.76% of the company's stock.

LanzaTech Global Company Profile

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.