Gevo (GEVO) Set to Announce Quarterly Earnings on Thursday

Gevo (NASDAQ:GEVO) is scheduled to 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 listening to the company’s earnings conference call can do so using this link.

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

Gevo Price Performance

GEVO stock opened at $2.35 on Wednesday. Gevo has a 52-week low of $0.48 and a 52-week high of $3.39. The stock’s fifty day simple moving average is $1.74 and its 200-day simple moving average is $1.03. The company has a quick ratio of 10.09, a current ratio of 10.22 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $562.75 million, a price-to-earnings ratio of -7.34 and a beta of 2.94.

Wall Street Analyst Weigh In

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

Insider Activity at Gevo

In related news, COO Christopher Michael Ryan sold 84,014 shares of Gevo stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $63,850.64. Following the transaction, the chief operating officer now owns 1,573,934 shares in the company, valued at approximately $1,196,189.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Gevo news, insider Paul D. Bloom sold 16,000 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the transaction, the insider now owns 947,882 shares in the company, valued at $2,900,518.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Christopher Michael Ryan sold 84,014 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $63,850.64. Following the transaction, the chief operating officer now owns 1,573,934 shares in the company, valued at approximately $1,196,189.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 350,563 shares of company stock worth $303,228. 4.00% of the stock is owned by insiders.

Gevo Company Profile

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.