Gevo (NASDAQ:GEVO) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Gevo (NASDAQ:GEVO) announced its earnings results on Thursday. The energy company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.02, Zacks reports. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. The firm had revenue of $4.15 million during the quarter, compared to the consensus estimate of $3.85 million.

Gevo Trading Down 6.0 %

Shares of NASDAQ:GEVO traded down $0.08 during midday trading on Friday, reaching $1.19. The company’s stock had a trading volume of 918,575 shares, compared to its average volume of 5,585,590. The firm has a market cap of $283.70 million, a price-to-earnings ratio of -3.49 and a beta of 2.72. The business has a 50 day moving average price of $1.57 and a 200 day moving average price of $1.75. Gevo has a 1 year low of $0.48 and a 1 year high of $3.39. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and set a $14.00 price objective on shares of Gevo in a research note on Friday.

About Gevo

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.