Brokers Set Expectations for Midwest Energy Emissions Corp.’s Q3 2023 Earnings (OTCMKTS:MEEC)

Midwest Energy Emissions Corp. (OTCMKTS:MEEC) – Analysts at Zacks Small Cap lowered their Q3 2023 earnings per share estimates for shares of Midwest Energy Emissions in a research report issued to clients and investors on Friday, September 1st. Zacks Small Cap analyst S. Ralston now forecasts that the industrial products company will post earnings per share of $0.00 for the quarter, down from their previous estimate of $0.01. The consensus estimate for Midwest Energy Emissions’ current full-year earnings is $0.02 per share. Zacks Small Cap also issued estimates for Midwest Energy Emissions’ Q4 2023 earnings at ($0.01) EPS and FY2024 earnings at $0.03 EPS.

Midwest Energy Emissions (OTCMKTS:MEEC) last issued its quarterly earnings data on Wednesday, August 16th. The industrial products company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The company had revenue of $4.11 million for the quarter, compared to analyst estimates of $7.20 million.

Midwest Energy Emissions Price Performance

Shares of Midwest Energy Emissions stock opened at $0.25 on Monday. The business’s 50 day simple moving average is $0.29 and its 200 day simple moving average is $0.36. Midwest Energy Emissions has a 52-week low of $0.20 and a 52-week high of $0.53.

About Midwest Energy Emissions

Midwest Energy Emissions Corp., an environmental services and technology company, engages in developing and delivering solutions to the power industry in the United States and internationally. It provides mercury capture solutions. Its Sorbent Enhancement Additive (SEA) technology provides total mercury control with solutions that are based on a thorough scientific understanding of actual and probable interactions involved in mercury capture in coal-fired flue gas.