HC Wainwright Has Negative Estimate for Gevo FY2028 Earnings

Gevo, Inc. (NASDAQ:GEVO) – Analysts at HC Wainwright decreased their FY2028 earnings per share estimates for shares of Gevo in a report issued on Friday, March 28th. HC Wainwright analyst A. Dayal now expects that the energy company will post earnings of $0.31 per share for the year, down from their prior forecast of $0.35. HC Wainwright has a “Buy” rating and a $14.00 price objective on the stock. The consensus estimate for Gevo’s current full-year earnings is ($0.42) per share. HC Wainwright also issued estimates for Gevo’s FY2029 earnings at $1.04 EPS.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings results on Thursday, March 27th. The energy company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.02. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. The company had revenue of $4.15 million for the quarter, compared to analysts’ expectations of $3.85 million.

Gevo Stock Performance

Gevo stock opened at $1.14 on Monday. The company’s 50-day moving average price is $1.55 and its 200-day moving average price is $1.76. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The company has a market cap of $271.73 million, a PE ratio of -3.34 and a beta of 2.72. Gevo has a twelve month low of $0.48 and a twelve month high of $3.39.

Institutional Investors Weigh In On Gevo

Several large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of Gevo in the 4th quarter worth approximately $27,000. IHT Wealth Management LLC bought a new stake in Gevo in the fourth quarter worth $29,000. Signal Advisors Wealth LLC purchased a new position in Gevo during the fourth quarter worth $34,000. Commonwealth Equity Services LLC bought a new position in Gevo during the fourth quarter valued at $49,000. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Gevo in the fourth quarter valued at $49,000. 35.17% of the stock is owned by institutional investors.

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.