FY2024 EPS Estimates for Green Plains Inc. (NASDAQ:GPRE) Lowered by Roth Capital

Green Plains Inc. (NASDAQ:GPRE) – Roth Capital reduced their FY2024 earnings estimates for shares of Green Plains in a research report issued to clients and investors on Wednesday, August 7th. Roth Capital analyst C. Irwin now expects that the specialty chemicals company will post earnings of ($0.53) per share for the year, down from their previous forecast of ($0.21). The consensus estimate for Green Plains’ current full-year earnings is ($0.45) per share. Roth Capital also issued estimates for Green Plains’ Q4 2024 earnings at $0.40 EPS.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. The business had revenue of $618.83 million during the quarter, compared to analysts’ expectations of $646.70 million. During the same quarter in the prior year, the firm earned ($0.89) EPS. Green Plains’s revenue for the quarter was down 27.8% compared to the same quarter last year.

GPRE has been the topic of a number of other reports. Bank of America reduced their price target on shares of Green Plains from $29.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. BMO Capital Markets decreased their price target on Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday. Oppenheimer cut Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday. UBS Group decreased their target price on Green Plains from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Finally, Stephens restated an “equal weight” rating and set a $24.00 target price on shares of Green Plains in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Green Plains currently has a consensus rating of “Moderate Buy” and an average target price of $26.78.

Green Plains Stock Down 7.0 %

Shares of GPRE opened at $13.21 on Friday. The company’s 50-day moving average price is $16.04 and its 200 day moving average price is $19.39. Green Plains has a 12-month low of $12.77 and a 12-month high of $34.62. The company has a current ratio of 1.75, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54. The firm has a market cap of $853.62 million, a P/E ratio of -10.74 and a beta of 1.58.

Institutional Trading of Green Plains

Several hedge funds have recently added to or reduced their stakes in GPRE. Vanguard Group Inc. increased its position in shares of Green Plains by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock valued at $107,771,000 after purchasing an additional 447,825 shares during the last quarter. Broad Bay Capital Management LP grew its stake in shares of Green Plains by 17.6% during the fourth quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock worth $59,317,000 after purchasing an additional 352,000 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Green Plains by 3.6% in the second quarter. William Blair Investment Management LLC now owns 1,870,698 shares of the specialty chemicals company’s stock valued at $29,669,000 after buying an additional 65,637 shares during the last quarter. Wolf Hill Capital Management LP raised its stake in Green Plains by 3,036.9% in the first quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company’s stock valued at $40,545,000 after buying an additional 1,697,784 shares in the last quarter. Finally, Kailix Advisors LLC lifted its holdings in Green Plains by 39.8% during the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock worth $22,406,000 after buying an additional 382,517 shares during the last quarter.

About Green Plains

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.