Gevo (NASDAQ:GEVO) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Gevo (NASDAQ:GEVO) issued its quarterly earnings data on Thursday. The energy company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02, Zacks reports. The firm had revenue of $4.15 million during the quarter, compared to analysts’ expectations of $3.85 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%.

Gevo Price Performance

Shares of GEVO stock traded down $0.08 during trading hours on Friday, hitting $1.19. The company’s stock had a trading volume of 918,575 shares, compared to its average volume of 5,585,590. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $1.57 and a 200-day moving average of $1.75. Gevo has a twelve month low of $0.48 and a twelve month high of $3.39. The stock has a market cap of $283.70 million, a price-to-earnings ratio of -3.49 and a beta of 2.72.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $14.00 price target on shares of Gevo in a research report on Friday.

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.