Green Plains Inc. Up 9.05% To $36.99 After Earnings Miss

Green Plains Inc (GPRE) missed earnings projections on 2/8/2023 for Q4 2022.

Green Plains Inc.'s earnings came in at an EPS loss of $0.66 per share, 164% lower than estimates for an EPS loss of $0.25 per share. The firm's loss per share expanded by 267% since reporting a loss of $0.18 per share a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Analyst projections for Green Plains Inc. revenue came in at a consensus of $894.4 million. Fourth-Quarter revenues surpassed estimates for $914 million by $19.6 million (2%). The company achieved 14% growth year-over-year compared to the firm's revenue of $802.3 million from the year-ago quarter. The lower earnings growth relative to revenue signals Green Plains Inc. has not been able to improve its profit margin.

The stock is up 9.05% to $36.99 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

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

Trading in the five days leading up to the report earned Green Plains Inc. a Bearish Sentiment Rank from InvestorsObserver.

Green Plains Inc. has performed a little above average during the past few months. Before the report, Green Plains Inc. received a Long-Term Technical Rank by InvestorsObserver of 70, putting it in the top half of stocks. The firm set a 52-week high on August 11, 2022 at $41.25 and set a 52-week low on May 2, 2022 at $26.09.

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.