* Gevo Inc reported a quarterly adjusted loss of 9 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -7 cents. The mean expectation of three analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -10 cents to -5 cents per share.
* Revenue fell 56.6% to $1.97 million from a year ago; analysts expected $5.42 million.
* Gevo Inc's reported EPS for the quarter was a loss of 9 cents.
* The company reported a quarterly loss of $21.16 million.
* Gevo Inc shares had risen by 5.5% this quarter and gained 48.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 5.1% in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the renewable fuels peer group is also "hold"
Wall Street's median 12-month price target for Gevo Inc is 3.25 This summary was machine generated from LSEG data November 8 at 05:15 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 -0.07 -0.09 Missed
Jun. 30 2024 -0.08 -0.09 Missed
Mar. 31 2024 -0.07 -0.08 Missed
Dec. 31 2023 -0.05 -0.08 Missed
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