Green Plains Inc Up 6.31% To $30.42 After Earnings Beat

Tuesday, October 31, 2023 - Green Plains Inc (GPRE) reported upside earnings and revenues today.

The consensus among analysts for Green Plains Inc was for an earnings per share (EPS) loss of $0.11 per share. The firm was able to surpass those projections, reporting an EPS of $0.27, a positive surprise of $0.38 (345%). Profits rose 121% year-over-year after reporting an EPS loss of $1.27 per share in its year-ago quarter. The positive growth rate signals that the Basic Materials company is performing well amid recent economic conditions.

Analyst projections for Green Plains Inc revenue came in at a consensus of $819.3 million. Third-Quarter revenues surpassed estimates for $892.8 million by $73.5 million (9%). The company achieved negative 7% growth year-over-year compared to the firm's revenue of $955 million from the year-ago quarter. The higher earnings growth relative to revenue signals Green Plains Inc has improved its profit margin.

The stock is up 6.31% to $30.42 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.

Green Plains Inc has performed a little below average during the past few months. Before the report, Green Plains Inc received a Long-Term Technical Rank by InvestorsObserver of 43, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $25.78 on October 13, 2023 and set a 52-week high on February 8, 2023 at $37.49.

Green Plains Inc manufactures and sells ethanol and ethanol byproducts in four segments based on function. The ethanol production segment, which generates the majority of revenue, includes the production of ethanol, grains, and corn oil. The agribusiness and energy services segment includes the grain procurement and commodity marketing business, which markets, sells, and distributes ethanol, distillers grains, and corn oil. The food and ingredients segment includes cattle feeding operations. The partnership segment provides fuel storage and transportation services.