Seaport Res Ptn Has Negative Outlook of LNZA FY2024 Earnings

LanzaTech Global, Inc. (NASDAQ:LNZA) – Research analysts at Seaport Res Ptn cut their FY2024 EPS estimates for shares of LanzaTech Global in a note issued to investors on Monday, November 18th. Seaport Res Ptn analyst J. Campbell now forecasts that the company will post earnings of ($0.77) per share for the year, down from their previous 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.

Separately, TD Cowen dropped their price objective on shares of LanzaTech Global from $3.00 to $2.00 and set a “hold” rating for the company in a research report on Monday, November 11th.

LanzaTech Global Trading Up 0.5 %

NASDAQ LNZA opened at $1.01 on Wednesday. The firm has a market capitalization of $199.74 million, a price-to-earnings ratio of -1.55 and a beta of 1.58. The company has a debt-to-equity ratio of 6.64, a quick ratio of 2.91 and a current ratio of 2.91. LanzaTech Global has a one year low of $0.95 and a one year high of $5.73. The company’s 50 day moving average price is $1.71 and its 200 day moving average price is $1.89.

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

Institutional Investors Weigh In On LanzaTech Global

Large investors have recently modified their holdings of the stock. XTX Topco Ltd purchased a new position in LanzaTech Global in the 2nd quarter worth approximately $26,000. Principal Financial Group Inc. acquired a new position in shares of LanzaTech Global during the second quarter worth $28,000. Intech Investment Management LLC purchased a new position in shares of LanzaTech Global in the third quarter valued at $29,000. SG Americas Securities LLC acquired a new stake in LanzaTech Global during the 3rd quarter valued at $72,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in LanzaTech Global during the 2nd quarter worth $92,000. Institutional investors and hedge funds own 17.76% of the company’s stock.

About LanzaTech Global

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.