Q2 2024 Earnings Forecast for Green Plains Inc. Issued By Roth Capital (NASDAQ:GPRE)

Green Plains Inc. (NASDAQ:GPRE) – Equities research analysts at Roth Capital dropped their Q2 2024 earnings per share (EPS) estimates for shares of Green Plains in a research note issued on Monday, May 6th. Roth Capital analyst C. Irwin now anticipates that the specialty chemicals company will post earnings per share of $0.05 for the quarter, down from their previous estimate of $0.22. The consensus estimate for Green Plains’ current full-year earnings is $0.28 per share. Roth Capital also issued estimates for Green Plains’ Q3 2024 earnings at $0.25 EPS, Q4 2024 earnings at $0.30 EPS, FY2024 earnings at ($0.21) EPS and FY2025 earnings at $2.45 EPS.

Other equities research analysts have also issued research reports about the company. Stephens reaffirmed an “equal weight” rating and issued a $24.00 price objective on shares of Green Plains in a report on Tuesday. Craig Hallum dropped their price objective on Green Plains from $37.00 to $34.00 and set a “buy” rating on the stock in a report on Monday. Bank of America reduced their target price on Green Plains from $29.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday. UBS Group lowered their price target on shares of Green Plains from $33.50 to $31.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Finally, StockNews.com cut shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.

Green Plains Trading Up 1.6 %

Shares of Green Plains stock opened at $19.58 on Thursday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -15.92 and a beta of 1.62. Green Plains has a 52-week low of $18.75 and a 52-week high of $36.02. The company’s 50-day simple moving average is $21.52 and its 200-day simple moving average is $23.28. The company has a quick ratio of 1.18, a current ratio of 1.75 and a debt-to-equity ratio of 0.54.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Friday, May 3rd. The specialty chemicals company reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.48). The firm had revenue of $597.20 million during the quarter, compared to analysts’ expectations of $654.40 million. Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. The business’s quarterly revenue was down 28.3% on a year-over-year basis. During the same quarter last year, the business earned ($1.20) earnings per share.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in shares of Green Plains in the fourth quarter valued at approximately $26,000. Covestor Ltd boosted its holdings in shares of Green Plains by 50.4% in the 3rd quarter. Covestor Ltd now owns 2,546 shares of the specialty chemicals company’s stock valued at $76,000 after purchasing an additional 853 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Green Plains during the fourth quarter valued at about $88,000. iA Global Asset Management Inc. purchased a new stake in shares of Green Plains during the 3rd quarter worth about $164,000. Finally, Cape Investment Advisory Inc. purchased a new stake in Green Plains during the fourth quarter worth approximately $196,000.

Insider Buying and Selling

In related news, Director Ejnar A. Knudsen III bought 4,000 shares of Green Plains stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average price of $24.73 per share, with a total value of $98,920.00. Following the purchase, the director now owns 40,913 shares in the company, valued at $1,011,778.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.20% of the company’s stock.

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.