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

Gevo (NASDAQ:GEVO) issued its quarterly earnings data on Thursday. The energy company reported ($0.09) EPS 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 company had revenue of $4.15 million during the quarter, compared to analysts’ expectations of $3.85 million.

Gevo Price Performance

Shares of GEVO stock traded down $0.08 during trading on Friday, hitting $1.19. The company had a trading volume of 1,285,048 shares, compared to its average volume of 5,585,968. Gevo has a 52 week low of $0.48 and a 52 week high of $3.39. The stock has a market capitalization of $283.70 million, a price-to-earnings ratio of -3.49 and a beta of 2.72. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average is $1.57 and its two-hundred day moving average is $1.75.

Wall Street Analyst Weigh In

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

Gevo Company Profile

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.