Green Plains Inc reports results for the quarter ended in September 30 - Earnings Summary

Green Plains

01/11/2024 03:40

* Green Plains Inc  GPRE.OQ  reported quarterly adjusted
earnings
of 69 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 35 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 15 cents per share. Wall
Street expected results to range from 8 cents to 25 cents per
share.
    * Revenue fell 26.2% to $658.74 million from a year ago;
analysts
expected $666.96 million. 
    * Green Plains Inc's reported EPS for the quarter was 69
cents​.
    * The company reported quarterly net income of $48.2
million.
    * Green Plains Inc shares had fallen by 14.0% this
quarter and
lost 53.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.7%
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 7 "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 24.75 
This summary was machine generated from LSEG data November 1 at
03:39 a.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
 Sep. 30 2024      0.15           0.69           Beat
 Jun. 30 2024      -0.12          -0.38          Missed
 Mar. 31 2024      -0.29          -0.81          Missed
 Dec. 31 2023      0.15           0.12           Missed