Brokers Issue Forecasts for Green Plains Inc.’s Q3 2022 Earnings (NASDAQ:GPRE)

Green Plains Inc. (NASDAQ:GPREGet Rating) – Equities research analysts at Jefferies Financial Group increased their Q3 2022 EPS estimates for shares of Green Plains in a research note issued on Tuesday, August 2nd. Jefferies Financial Group analyst L. Alexander now forecasts that the specialty chemicals company will post earnings per share of $0.07 for the quarter, up from their prior forecast of $0.01. The consensus estimate for Green Plains’ current full-year earnings is ($0.53) per share. Jefferies Financial Group also issued estimates for Green Plains’ Q4 2022 earnings at ($0.02) EPS, FY2024 earnings at $2.15 EPS, FY2025 earnings at $4.10 EPS and FY2026 earnings at $4.45 EPS.

Separately, StockNews.com cut shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Green Plains Stock Up 0.6 %

GPRE stock opened at $36.91 on Friday. The stock has a market cap of $1.99 billion, a PE ratio of -20.62 and a beta of 1.70. The company has a quick ratio of 1.46, a current ratio of 1.79 and a debt-to-equity ratio of 0.46. The firm’s 50-day simple moving average is $31.95 and its 200 day simple moving average is $31.05. Green Plains has a fifty-two week low of $26.09 and a fifty-two week high of $44.27.

Green Plains (NASDAQ:GPREGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The specialty chemicals company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.62. Green Plains had a negative net margin of 2.52% and a negative return on equity of 9.05%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $929.13 million. During the same quarter last year, the company earned $0.25 EPS. The company’s revenue for the quarter was up 39.7% compared to the same quarter last year.

Hedge Funds Weigh In On Green Plains

Several large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Green Plains by 0.9% during the 1st quarter. BlackRock Inc. now owns 8,978,072 shares of the specialty chemicals company’s stock valued at $278,410,000 after purchasing an additional 82,288 shares in the last quarter. State Street Corp boosted its holdings in shares of Green Plains by 31.9% in the first quarter. State Street Corp now owns 4,181,086 shares of the specialty chemicals company’s stock worth $129,655,000 after buying an additional 1,011,642 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Green Plains by 2.5% in the first quarter. Vanguard Group Inc. now owns 3,667,926 shares of the specialty chemicals company’s stock worth $113,742,000 after buying an additional 88,056 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Green Plains by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,805,680 shares of the specialty chemicals company’s stock worth $87,003,000 after buying an additional 76,362 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in shares of Green Plains by 6.5% in the first quarter. William Blair Investment Management LLC now owns 1,472,265 shares of the specialty chemicals company’s stock worth $45,655,000 after buying an additional 89,785 shares during the period.

Green Plains Company Profile

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Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces and sells ethanol, including industrial-grade alcohol, distiller grains, and ultra-high protein and corn oil.

See Also

Earnings History and Estimates for Green Plains (NASDAQ:GPRE)

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