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

Gevo

08/08/2024 22:59

* Gevo Inc  GEVO.OQ  reported a quarterly adjusted loss of 9
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -6
cents.  The mean expectation of three analysts for the quarter
was for a loss of 8 cents per share. Wall Street expected
results to range from -9 cents to -6 cents per share.
    * Revenue rose 24.1% to $5.26 million from a year ago;
analysts
expected $4.38 million. 
    * Gevo Inc's reported EPS for the quarter was a loss of 9
cents​.
    * The company reported a quarterly loss of $21 million.
    * Gevo Inc shares had fallen by 7.9% this quarter and
lost 55.8%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9.9%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "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 Gevo Inc is $0.85
This summary was machine generated from LSEG data August 8 at
09:59 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
 Jun. 30 2024      -0.08          -0.09          Missed
 Mar. 31 2024      -0.07          -0.08          Missed
 Dec. 31 2023      -0.05          -0.08          Missed
 Sep. 30 2023      -0.05          -0.07          Missed