Gevo Inc reports results for the quarter ended in December - Earnings Summary

Gevo

07/03/2024 23:59

* Gevo Inc  GEVO.OQ  reported a quarterly adjusted loss of 8
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -11
cents.  The mean expectation of five analysts for the quarter
was for a loss of 5 cents per share. Wall Street expected
results to range from -7 cents to -3 cents per share.
    * Revenue rose 702.6% to $4.37 million from a year ago;
analysts
expected $4.42 million. 
    * Gevo Inc's reported EPS for the quarter was a loss of 8
cents​.
    * The company reported a quarterly loss of $18.48 million.
    * Gevo Inc shares had fallen by 31.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the renewable
fuels
peer group is also "buy"

Wall Street's median 12-month price target for Gevo Inc is $2.00
This summary was machine generated from LSEG data March 7 at
11:59 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
 Dec. 31 2023      -0.05          -0.08          Missed
 Sep. 30 2023      -0.05          -0.07          Missed
 Jun. 30 2023      -0.05          -0.06          Missed
 Mar. 31 2023      -0.05          -0.07          Missed