Green Plains (GPRE) to Release Quarterly Earnings on Thursday

Green Plains (NASDAQ:GPRE) will 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. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share (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 analysts’ expectations of $646.70 million. Green Plains had a negative return on equity of 4.94% and a negative net margin of 1.64%. The business’s revenue was down 27.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.89) EPS. 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 Down 6.9 %

Shares of GPRE stock opened at $10.87 on Thursday. Green Plains has a fifty-two week low of $10.74 and a fifty-two week high of $31.92. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.68. The firm has a market capitalization of $702.41 million, a PE ratio of -8.84 and a beta of 1.52. The stock’s 50-day simple moving average is $13.13 and its 200-day simple moving average is $16.15.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Truist Financial reduced their target price on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Craig Hallum dropped their price objective on Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. BMO Capital Markets decreased 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 report on Wednesday, August 7th. Oppenheimer lowered Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. Finally, UBS Group lowered their price target on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research report on Monday, August 19th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.50.

About Green Plains

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.