Gevo (GEVO) to Release Quarterly Earnings on Thursday

Gevo (NASDAQ:GEVO) is set to release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Gevo to post earnings of ($0.06) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings results on Thursday, March 7th. The energy company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). Gevo had a negative net margin of 384.97% and a negative return on equity of 11.49%. The business had revenue of $4.37 million for the quarter, compared to analysts’ expectations of $4.26 million. During the same quarter in the prior year, the firm posted ($0.11) EPS. On average, analysts expect Gevo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Gevo Trading Down 6.5 %

Shares of GEVO stock opened at $0.66 on Thursday. The stock’s fifty day simple moving average is $0.75 and its 200-day simple moving average is $0.97. Gevo has a 1-year low of $0.59 and a 1-year high of $1.86. The company has a market capitalization of $160.57 million, a price-to-earnings ratio of -2.37 and a beta of 2.86.

Analysts Set New Price Targets

Separately, UBS Group cut their price objective on shares of Gevo from $1.36 to $0.85 and set a “neutral” rating on the stock in a research report on Wednesday, April 10th.

About Gevo

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.