FY2024 Earnings Estimate for LNZA Issued By Seaport Res Ptn

LanzaTech Global, Inc. (NASDAQ:LNZA) – Stock analysts at Seaport Res Ptn decreased their FY2024 EPS estimates for LanzaTech Global in a research report issued to clients and investors on Monday, November 18th. Seaport Res Ptn analyst J. Campbell now anticipates that the company will earn ($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 reduced their price target 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 Stock Up 0.5 %

LNZA stock opened at $1.01 on Wednesday. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 6.64. The company’s 50-day moving average price is $1.71 and its 200 day moving average price is $1.89. LanzaTech Global has a 52 week low of $0.95 and a 52 week high of $5.73. The company has a market cap of $199.74 million, a P/E ratio of -1.55 and a beta of 1.58.

LanzaTech Global (NASDAQ:LNZA) last issued its earnings results on Friday, November 8th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period last year, the company posted ($0.13) earnings per share.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LNZA. The Manufacturers Life Insurance Company purchased a new stake in shares of LanzaTech Global in the second quarter valued at about $92,000. Principal Financial Group Inc. purchased a new position in LanzaTech Global in the 2nd quarter valued at about $28,000. Bank of New York Mellon Corp boosted its stake in shares of LanzaTech Global by 433.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 312,021 shares of the company’s stock worth $577,000 after purchasing an additional 253,562 shares during the last quarter. XTX Topco Ltd acquired a new stake in LanzaTech Global during the second quarter worth approximately $26,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in LanzaTech Global in the 2nd quarter worth approximately $251,000. 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.