Benson Hill Inc Down 1.66% To $3.26 After Earnings Beat

Monday, August 8, 2022 - Benson Hill Inc (BHIL) reported upside earnings and revenues today.

Benson Hill Inc's earnings came in at an EPS loss of $0.15 per share, 29.00% higher than estimates for an EPS loss of $0.21 per share. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Consensus estimates for Benson Hill Inc revenue averaged out to $84.4 million, with the business managing to beat those expectations with reported second-quarter revenue of $110.7 million. The $26.4 million (31%) positive revenue surprise led to 0% growth year-over-year as the firm reported revenue of $0.00 in its year-ago quarter.

The stock is down 1.66% to $3.26 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Benson Hill Inc has performed a little below average during the past few months. Before the report, Benson Hill Inc received a Long-Term Technical Rank by InvestorsObserver of 34, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $2.45 on May 10, 2022 and set a 52-week high on September 28, 2021 at $10.12.

Benson Hill Inc is a food technology company. It operates in two segments: Ingredients and Fresh. The ingredients segment is currently focused on commercializing soybean and yellow pea products, including soy-based specialty vegetable oils, aquaculture and animal feed, and ultra-high protein soy-based ingredients that have the potential to eliminate costly water and energy-intensive processing associated with producing products for the food and feed markets, alleviating supply constraints to help bring plant-based proteins to scale. The fresh segment is focused on growing, packing, and selling fresh produce products to major retail and foodservice customers.