Equity research analysts expect Gevo, Inc. (NASDAQ: GEVO – Get a rating) will post ($0.09) earnings per share for the current quarter, according to Zacks Investment Research. Two analysts released earnings estimates for Gevo, with estimates ranging from ($0.09) to ($0.08). Gevo also posted earnings per share of ($0.09) in the same quarter last year. The company is due to announce its next quarterly earnings report on Monday, January 1.
On average, analysts expect Gevo to report full year earnings of ($0.35) per share for the current fiscal year. For next year, analysts expect the company to post earnings of ($0.38) per share, with EPS estimates ranging from ($0.42) to ($0.34). Zacks earnings per share averages are an average based on a survey of research companies that track Gevo.
Gevo (NASDAQ: GEVO – Get a rating) last announced its results on Monday, May 9. The energy company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). Gevo had a negative net margin of 7,625.77% and a negative return on equity of 11.70%. During the same quarter of the previous year, the company posted EPS ($0.05).
GEVO has been the subject of several research analyst reports. Citigroup assumed coverage for Gevo shares in a report on Wednesday, February 9. They issued a “buy” rating and a price target of $5.00 on the stock. Zacks Investment Research upgraded Gevo from a “sell” rating to a “hold” rating in a Friday, May 13 report.
Shares of NASDAQ GEVO traded down $0.24 during Tuesday’s trading, hitting $3.55. 5,623,006 shares of the company were traded, against an average volume of 8,547,721. Gevo has a 12-month low of $2.79 and a 12-month high of $9.64. The company has a debt ratio of 0.16, a quick ratio of 18.54 and a current ratio of 18.69. The company has a fifty-day moving average price of $4.18 and a 200-day moving average price of $4.40. The company has a market capitalization of $716.22 million, a PE ratio of -11.09 and a beta of 3.20.
Separately, director Gary W. Mize acquired 35,339 Gevo shares in a transaction on Thursday, March 24. The stock was purchased at an average price of $4.48 per share, for a total transaction of $158,318.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. 3.60% of the shares are currently held by insiders.
Several institutional investors have recently increased or reduced their stake in the company. Dark Forest Capital Management LP bought a new position in Gevo in the third quarter worth $26,000. Benjamin Edwards Inc. bought a new position in Gevo in the fourth quarter worth $46,000. HighTower Advisors LLC bought a new position in Gevo in the first quarter worth $55,000. Bayesian Capital Management LP bought a new position in Gevo in the fourth quarter worth $79,000. Finally, Two Sigma Securities LLC bought a new position in Gevo in the third quarter worth $80,000. Institutional investors and hedge funds hold 40.15% of the company’s shares.
About Gevo (Get a rating)
Gevo, Inc operates as a renewable fuels company. It operates through four segments: Gevo, Agri-Energy, Renewable Natural Gas and Net-Zero. The company markets gasoline, jet fuel and diesel fuel to achieve zero carbon emissions and reduce greenhouse gas emissions with sustainable alternatives.
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