Green Plains (GPRE) Scheduled to Post Earnings on Thursday

Green Plains (NASDAQ:GPRE) will issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.35). The business had revenue of $618.83 million for the quarter, compared to analyst estimates of $646.70 million. Green Plains had a negative return on equity of 4.94% and a negative net margin of 1.64%. The firm’s revenue for the quarter was down 27.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.89) EPS. On average, analysts expect Green Plains to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Green Plains Trading Down 6.9 %

Shares of GPRE stock opened at $10.87 on Thursday. Green Plains has a fifty-two week low of $10.74 and a fifty-two week high of $31.92. The company has a 50 day moving average price of $13.13 and a 200 day moving average price of $16.15. The stock has a market capitalization of $702.41 million, a P/E ratio of -8.84 and a beta of 1.52. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.68.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. BMO Capital Markets dropped their price target on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Craig Hallum lowered their target price on Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. UBS Group reduced their price target on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research report on Monday, August 19th. Truist Financial decreased their price objective on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, Oppenheimer cut shares of Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

About Green Plains

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.