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

Gevo

02/05/2024 22:50

* Gevo Inc  GEVO.OQ  reported a quarterly adjusted loss of 8
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of -7
cents.  The mean expectation of four analysts for the quarter
was for a loss of 7 cents per share. Wall Street expected
results to range from -8 cents to -6 cents per share.
    * Revenue fell 1.7% to $3.99 million from a year ago;
analysts
expected $4.40 million. 
    * Gevo Inc's reported EPS for the quarter was a loss of 8
cents​.
    * The company reported a quarterly loss of $18.88 million.
    * Gevo Inc shares had fallen by 9.7% this quarter and
lost 40.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.7%
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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"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 $1.18
This summary was machine generated from LSEG data May 2 at 09:50
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
 Mar. 31 2024      -0.07          -0.08          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