Aemetis Inc reports results for the quarter ended in June - Earnings Summary

Aemetis

01/08/2024 15:51

* Aemetis Inc  AMTX.OQ  reported a quarterly adjusted loss
of 66
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -68
cents.  The mean expectation of six analysts for the quarter was
for a loss of 43 cents per share. Wall Street expected
results to range from -73 cents to -24 cents per share.
    * Revenue rose 47.5% to $66.56 million from a year ago;
analysts
expected $73.70 million. 
    * Aemetis Inc's reported EPS for the quarter was a loss
of 66
cents​.
    * The company reported a quarterly loss of $29.17 million.
    * Aemetis Inc shares had risen by 6.6% this quarter and
lost 38.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the renewable
fuels
peer group is also "hold"

Wall Street's median 12-month price target for Aemetis Inc is
$8.25 
This summary was machine generated from LSEG data August 1 at
02:51 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.43          -0.66          Missed
 Mar. 31 2024                     -0.58          
 Dec. 31 2023      -0.34          -0.64          Missed
 Sep. 30 2023      -0.29          0.73           Beat