FY2022 Earnings Forecast for Gevo, Inc. (NASDAQ:GEVO) Issued By Jefferies Financial Group

Gevo, Inc. (NASDAQ:GEVOGet Rating) – Research analysts at Jefferies Financial Group reduced their FY2022 earnings estimates for Gevo in a research note issued to investors on Sunday, November 20th. Jefferies Financial Group analyst D. Ailani now forecasts that the energy company will earn ($0.27) per share for the year, down from their previous forecast of ($0.21). Jefferies Financial Group currently has a “Hold” rating and a $2.30 target price on the stock. The consensus estimate for Gevo’s current full-year earnings is ($0.30) per share. Jefferies Financial Group also issued estimates for Gevo’s Q4 2023 earnings at ($0.06) EPS, Q1 2024 earnings at ($0.08) EPS, Q2 2024 earnings at ($0.08) EPS, Q3 2024 earnings at ($0.09) EPS and FY2024 earnings at ($0.34) EPS.

Gevo Stock Down 0.5 %

Gevo stock opened at $2.10 on Wednesday. The stock has a market capitalization of $498.16 million, a PE ratio of -5.12 and a beta of 3.10. Gevo has a twelve month low of $1.80 and a twelve month high of $6.30. The company has a quick ratio of 24.25, a current ratio of 24.49 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $2.26 and a 200-day moving average of $2.76.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in Gevo by 48.2% during the second quarter. State Street Corp now owns 35,309,857 shares of the energy company’s stock worth $82,978,000 after purchasing an additional 11,479,096 shares during the last quarter. Vanguard Group Inc. raised its position in Gevo by 13.1% during the third quarter. Vanguard Group Inc. now owns 12,458,518 shares of the energy company’s stock worth $28,406,000 after acquiring an additional 1,442,541 shares in the last quarter. Two Sigma Investments LP raised its position in Gevo by 1,276.8% during the third quarter. Two Sigma Investments LP now owns 3,854,576 shares of the energy company’s stock worth $8,788,000 after acquiring an additional 3,574,604 shares in the last quarter. Rafferty Asset Management LLC raised its position in Gevo by 112.8% during the second quarter. Rafferty Asset Management LLC now owns 3,461,757 shares of the energy company’s stock worth $8,135,000 after acquiring an additional 1,834,887 shares in the last quarter. Finally, Millennium Management LLC raised its position in Gevo by 1,360.0% during the second quarter. Millennium Management LLC now owns 3,114,027 shares of the energy company’s stock worth $7,318,000 after acquiring an additional 2,900,744 shares in the last quarter. Institutional investors and hedge funds own 49.47% of the company’s stock.

Insider Activity

In other news, Director Andrew Marsh sold 41,904 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $2.04, for a total value of $85,484.16. Following the completion of the transaction, the director now owns 203,562 shares in the company, valued at $415,266.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.60% of the company’s stock.

Gevo Company Profile

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Gevo, Inc operates as a renewable fuels company. It operates through four segments: Gevo, Agri-Energy, Renewable Natural Gas, and Net-Zero. The company commercializes gasoline, jet fuel, and diesel fuel to achieve zero carbon emissions, and reduce greenhouse gas emissions with sustainable alternatives.

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Earnings History and Estimates for Gevo (NASDAQ:GEVO)

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