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

Green Plains

07/02/2024 14:32

* Green Plains Inc  GPRE.OQ  reported quarterly adjusted
earnings
of 12 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -66 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 15 cents per share. Wall
Street expected results to range from -9 cents to 65 cents per
share.
    * Revenue fell 22.1% to $712.39 million from a year ago;
analysts
expected $781.96 million. 
    * Green Plains Inc's reported EPS for the quarter was 12
cents​.
    * The company reported quarterly net income of $7.23
million.
    * Green Plains Inc shares had fallen by 20.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 46.4%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "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 Green Plains Inc
is $35.00 
This summary was machine generated from LSEG data February 7 at
02:31 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      0.15           0.12           Missed
 Sep. 30 2023      -0.11          0.35           Beat
 Jun. 30 2023      -0.01          -0.89          Missed
 Mar. 31 2023      -0.40          -1.20          Missed