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

Green Plains

06/08/2024 14:31

* Green Plains Inc  GPRE.OQ  reported a quarterly adjusted
loss
of 38 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of -89 cents.  The mean expectation of ten analysts for the
quarter was for a loss of 12 cents per share. Wall Street
expected results to range from -41 cents to 21 cents per share.
    * Revenue fell 27.8% to $618.83 million from a year ago;
analysts
expected $644.79 million. 
    * Green Plains Inc's reported EPS for the quarter was a loss
of 38
cents​.
    * The company reported a quarterly loss of $24.35 million.
    * Green Plains Inc shares had risen by 2.0% this quarter and
lost 35.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1,437.3% in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "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 $26.50 
This summary was machine generated from LSEG data August 6 at
01:30 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      -0.12          -0.38          Missed
 Mar. 31 2024      -0.29          -0.81          Missed
 Dec. 31 2023      0.15           0.12           Missed
 Sep. 30 2023      -0.11          0.35           Beat