Green Plains (GPRE) Set to Announce Earnings on Thursday

Green Plains (NASDAQ:GPRE) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). The firm had revenue of $618.83 million during the quarter, compared to analyst estimates of $646.70 million. Green Plains had a negative return on equity of 4.94% and a negative net margin of 1.64%. Green Plains’s revenue for the quarter was down 27.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.89) earnings per share. On average, analysts expect Green Plains to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Green Plains Stock Performance

Green Plains stock opened at $11.24 on Wednesday. The company has a market cap of $726.32 million, a PE ratio of -9.14 and a beta of 1.52. The company has a current ratio of 1.68, a quick ratio of 1.11 and a debt-to-equity ratio of 0.55. Green Plains has a 1 year low of $10.74 and a 1 year high of $31.92. The company’s 50-day moving average is $12.98 and its two-hundred day moving average is $15.86.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GPRE shares. BMO Capital Markets reduced their price objective on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Truist Financial decreased their price objective on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Oppenheimer downgraded Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. UBS Group reduced their target price on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a report on Monday, August 19th. Finally, Craig Hallum cut their price target on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Green Plains Company Profile

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.