Gevo (NASDAQ:GEVO) Posts Earnings Results, Beats Expectations By $0.02 EPS

Gevo (NASDAQ:GEVO) issued its earnings results on Thursday. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $4.15 million for the quarter, compared to analyst estimates of $3.85 million.

Gevo Stock Performance

GEVO traded down $0.09 during trading on Friday, reaching $1.18. 1,450,843 shares of the company were exchanged, compared to its average volume of 5,588,339. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The stock has a market cap of $281.30 million, a P/E ratio of -3.43 and a beta of 2.72. Gevo has a 52 week low of $0.48 and a 52 week high of $3.39. The firm has a 50 day moving average of $1.57 and a 200 day moving average of $1.75.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and issued a $14.00 price target on shares of Gevo in a report 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.