Futurefuel Corp Down 9.08% To $5.71 After Earnings

Friday, November 10, 2023 - Futurefuel Corp (FF) reported upside earnings and revenues today.

Futurefuel Corp's earnings came in at an EPS of $0.06 per share. The firm's earnings are down 83% since reporting $0.36 per share in the same period a year ago.

Futurefuel Corp reported a revenue of $116.8 million in Q3 2023. The firm managed negative 1% growth year-over-year due to Futurefuel Corp reporting quarterly revenue of $118.1 million in its year-ago quarter. Futurefuel Corp achieved a lower earnings growth rate than revenue, signaling that the business has not been able to improve its profit margin.

The stock is down 9.08% to $5.71 after the report.

Futurefuel Corp's profit margins took a hit as earnings fell at a faster pace than revenues.

Trading in the five days leading up to the report earned Futurefuel Corp a Bearish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 28.

FutureFuel Corp makes and sells diversified chemical products, bio-based fuel products, and specialty chemical products. The company is organized into two segments based on product type: biofuels and chemicals. The biofuel segment sells biodiesel and other petroleum products. Its fuels are made from a mix of diesel, vegetable oils, and grease feedstock. The chemicals segment sells products that are used in the production of agricultural chemicals, which include herbicides, coatings, and cleaning products, such as detergents.