Renewable fuels producer Gevo (NASDAQ: GEVO) will be announcing earnings results this Thursday after market close. Here’s what to look for.
Gevo beat analysts’ revenue expectations last quarter, reporting revenues of $45.35 million, up 696% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Gevo a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Gevo’s revenue to grow 55.3% year on year, slowing from the 630% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Gevo has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Gevo’s peers in the mixed or offshore upstream e&p segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Solaris Energy Infrastructure delivered year-on-year revenue growth of 55.3%, beating analysts’ expectations by 6.8%, and Gulfport Energy reported revenues up 122%, topping estimates by 6.4%. Solaris Energy Infrastructure traded up 5.4% following the results.
Read our full analysis of Solaris Energy Infrastructure’s results here and Gulfport Energy’s results here.
There has been positive sentiment among investors in the mixed or offshore upstream e&p segment, with share prices up 5.2% on average over the last month. Gevo is down 4.1% during the same time and is heading into earnings with an average analyst price target of $5.44 (compared to the current share price of $2.08).
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