Gevo (NASDAQ:GEVO) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Gevo (NASDAQ:GEVO) issued its earnings results on Tuesday. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01, Zacks reports. The firm had revenue of $29.11 million during the quarter, compared to analyst estimates of $22.19 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%.

Gevo Stock Performance

Shares of Gevo stock opened at $1.15 on Thursday. 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 firm has a market cap of $275.55 million, a P/E ratio of -3.38 and a beta of 2.51. The stock’s fifty day moving average price is $1.17 and its 200-day moving average price is $1.57. Gevo has a 12 month low of $0.48 and a 12 month high of $3.39.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GEVO shares. HC Wainwright reissued a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research report on Friday, March 28th. UBS Group decreased their price target on shares of Gevo from $3.25 to $1.15 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd.

About Gevo

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.