Gevo (GEVO) Set to Announce Quarterly Earnings on Thursday

Gevo (NASDAQ:GEVO) will issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, meeting the consensus estimate of ($0.09). The business had revenue of $5.26 million during the quarter, compared to analysts’ expectations of $3.93 million. Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. During the same period last year, the firm earned ($0.06) EPS. On average, analysts expect Gevo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Gevo Stock Down 0.8 %

GEVO opened at $2.35 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 10.22 and a quick ratio of 10.09. The business has a 50 day simple moving average of $1.74 and a 200-day simple moving average of $1.03. The stock has a market capitalization of $562.75 million, a P/E ratio of -7.34 and a beta of 2.94. Gevo has a 12 month low of $0.48 and a 12 month high of $3.39.

Analyst Ratings Changes

Several research firms have recently commented on GEVO. HC Wainwright reissued a “buy” rating and issued a $14.00 price target on shares of Gevo in a report on Friday, October 18th. UBS Group raised their price target on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, October 22nd.

Insider Activity at Gevo

In related news, insider Paul D. Bloom sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total value of $48,960.00. Following the completion of the transaction, the insider now directly owns 947,882 shares of the company’s stock, valued at $2,900,518.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Paul D. Bloom sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total value of $48,960.00. Following the completion of the transaction, the insider now directly owns 947,882 shares of the company’s stock, valued at $2,900,518.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Patrick R. Gruber sold 164,428 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $124,965.28. Following the completion of the transaction, the chief executive officer now directly owns 3,757,976 shares of the company’s stock, valued at $2,856,061.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 350,563 shares of company stock valued at $303,228 in the last ninety days. Corporate insiders own 4.00% of the company’s stock.

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.