Green Plains Inc. to Post Q3 2022 Earnings of $0.01 Per Share, Oppenheimer Forecasts (NASDAQ:GPRE)

Green Plains Inc. (NASDAQ:GPREGet Rating) – Stock analysts at Oppenheimer dropped their Q3 2022 earnings estimates for shares of Green Plains in a note issued to investors on Wednesday, August 3rd. Oppenheimer analyst K. Owen now anticipates that the specialty chemicals company will post earnings per share of $0.01 for the quarter, down from their previous forecast of $0.21. The consensus estimate for Green Plains’ current full-year earnings is ($0.53) per share. Oppenheimer also issued estimates for Green Plains’ Q4 2022 earnings at $0.32 EPS and FY2022 earnings at $0.11 EPS.

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

Green Plains Price Performance

Shares of NASDAQ:GPRE opened at $36.91 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.79 and a quick ratio of 1.46. The firm has a market capitalization of $1.99 billion, a P/E ratio of -20.62 and a beta of 1.70. Green Plains has a 12 month low of $26.09 and a 12 month high of $44.27. The company’s fifty day moving average price is $31.95 and its 200 day moving average price is $31.05.

Green Plains (NASDAQ:GPREGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The specialty chemicals company reported $0.73 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $929.13 million. During the same period last year, the business earned $0.25 EPS. Green Plains’s revenue for the quarter was up 39.7% compared to the same quarter last year.

Institutional Trading of Green Plains

Institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd boosted its holdings in Green Plains by 8,023.1% during the first quarter. Covestor Ltd now owns 1,056 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 1,043 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Green Plains in the first quarter valued at about $46,000. City State Bank purchased a new stake in shares of Green Plains in the fourth quarter valued at about $56,000. Point72 Hong Kong Ltd lifted its holdings in shares of Green Plains by 39.2% in the first quarter. Point72 Hong Kong Ltd now owns 1,915 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 539 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Green Plains by 50.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the specialty chemicals company’s stock valued at $64,000 after purchasing an additional 700 shares in the last quarter.

About Green Plains

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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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