Green Plains Renewable Energy Reports Q1 Loss, Misses Revenue Estimates
Green Plains Renewable Energy (NASDAQ: GPRE) came out with a quarterly loss of $0.81 per share versus the Zacks Consensus Estimate of a loss of $0.33. This compares to loss of $1.20 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -145.45%. A quarter ago, it was expected that this ethanol production, marketing and commodities company would post earnings of $0.16 per share when it actually produced earnings of $0.12, delivering a surprise of -25%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Green Plains, which belongs to the Zacks Chemical – Specialty industry, posted revenues of $597.21 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 13.71%. This compares to year-ago revenues of $832.95 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the …
Full story available on Benzinga.com