FY2024 Earnings Forecast for LNZA Issued By Seaport Res Ptn

LanzaTech Global, Inc. (NASDAQ:LNZA) – Stock analysts at Seaport Res Ptn lowered their FY2024 earnings per share (EPS) estimates for LanzaTech Global in a research note issued to investors on Monday, November 18th. Seaport Res Ptn analyst J. Campbell now anticipates that the company will post earnings of ($0.77) per share for the year, down from their prior estimate 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) last issued its quarterly earnings data on Friday, November 8th. The company reported ($0.29) earnings per share (EPS) 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 firm 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 earned ($0.13) earnings per share.

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

LanzaTech Global Price Performance

LanzaTech Global stock opened at $1.07 on Wednesday. LanzaTech Global has a 52-week low of $0.95 and a 52-week 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’s fifty day moving average is $1.70 and its 200 day moving average is $1.87. The company has a market cap of $211.60 million, a price-to-earnings ratio of -1.55 and a beta of 1.58.

Institutional Investors Weigh In On LanzaTech Global

Hedge funds and other institutional investors have recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in LanzaTech Global by 14.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 207,940 shares of the company’s stock valued at $644,000 after purchasing an additional 26,097 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of LanzaTech Global by 433.7% during the second quarter. Bank of New York Mellon Corp now owns 312,021 shares of the company’s stock valued at $577,000 after buying an additional 253,562 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of LanzaTech Global in the second quarter worth approximately $251,000. Principal Financial Group Inc. bought a new stake in shares of LanzaTech Global during the 2nd quarter worth approximately $28,000. Finally, XTX Topco Ltd purchased a new position in LanzaTech Global during the 2nd quarter valued at $26,000. Hedge funds and other institutional investors 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.