Q3 2022 EPS Estimates for Green Plains Inc. (NASDAQ:GPRE) Cut by Oppenheimer

Green Plains Inc. (NASDAQ:GPREGet Rating) – Equities research analysts at Oppenheimer lowered their Q3 2022 earnings estimates for shares of Green Plains in a report issued 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 prior estimate 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.

Green Plains (NASDAQ:GPREGet Rating) last posted 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 firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $929.13 million. During the same quarter last year, the company posted $0.25 EPS. The firm’s quarterly revenue was up 39.7% on a year-over-year basis.

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

Green Plains Stock Performance

Shares of GPRE stock opened at $36.91 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.79 and a debt-to-equity ratio of 0.46. Green Plains has a 52 week low of $26.09 and a 52 week high of $44.27. The stock has a market capitalization of $1.99 billion, a PE ratio of -20.62 and a beta of 1.70. The firm has a 50 day moving average of $31.95 and a two-hundred day moving average of $31.05.

Institutional Investors Weigh In On Green Plains

Several institutional investors have recently modified their holdings of GPRE. Covestor Ltd raised its stake in Green Plains by 8,023.1% during the 1st quarter. Covestor Ltd now owns 1,056 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 1,043 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in Green Plains during the 1st quarter worth $46,000. City State Bank acquired a new stake in Green Plains during the 4th quarter worth $56,000. Point72 Hong Kong Ltd raised its stake in Green Plains by 39.2% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,915 shares of the specialty chemicals company’s stock worth $59,000 after acquiring an additional 539 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Green Plains by 50.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the specialty chemicals company’s stock worth $64,000 after acquiring an additional 700 shares in the last quarter.

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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