Green Plains Inc. (NASDAQ:GPRE) to Post Q3 2022 Earnings of $0.07 Per Share, Jefferies Financial Group Forecasts

Green Plains Inc. (NASDAQ:GPREGet Rating) – Jefferies Financial Group boosted their Q3 2022 earnings estimates for shares of Green Plains in a report issued on Tuesday, August 2nd. Jefferies Financial Group analyst L. Alexander now expects that the specialty chemicals company will post earnings per share of $0.07 for the quarter, up from their previous estimate 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.

Green Plains (NASDAQ:GPREGet Rating) last released its earnings results on Tuesday, August 2nd. The specialty chemicals company reported $0.73 EPS for the quarter, beating 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 analysts’ expectations of $929.13 million. During the same quarter last year, the company earned $0.25 EPS. Green Plains’s quarterly revenue was up 39.7% on a year-over-year basis.

Separately, StockNews.com lowered 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 given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

Green Plains Stock Performance

NASDAQ:GPRE opened at $36.91 on Friday. Green Plains has a twelve month low of $26.09 and a twelve month high of $44.27. The company has a current ratio of 1.79, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $31.95 and a 200-day moving average of $31.05. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of -20.62 and a beta of 1.70.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Zenyatta Capital Management LP boosted its holdings in shares of Green Plains by 2.2% in the second quarter. Zenyatta Capital Management LP now owns 470,000 shares of the specialty chemicals company’s stock worth $12,770,000 after buying an additional 10,000 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in shares of Green Plains in the second quarter worth about $1,870,000. Nisa Investment Advisors LLC boosted its holdings in shares of Green Plains by 106.8% in the second quarter. Nisa Investment Advisors LLC now owns 2,420 shares of the specialty chemicals company’s stock worth $66,000 after buying an additional 1,250 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of Green Plains by 46.7% in the second quarter. New York State Teachers Retirement System now owns 56,554 shares of the specialty chemicals company’s stock worth $1,537,000 after buying an additional 18,000 shares during the period. Finally, Chartwell Investment Partners LLC acquired a new position in shares of Green Plains in the second quarter worth about $1,236,000.

Green Plains Company Profile

(Get Rating)

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)

Receive News & Ratings for Green Plains Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains and related companies with MarketBeat.com's FREE daily email newsletter.