Biorefining company Green Plains (NASDAQ: GPRE) will be announcing earnings results this Thursday after the bell. Here’s what to expect.
Green Plains missed analysts’ revenue expectations last quarter, reporting revenues of $446.2 million, down 19.3% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates.
Is Green Plains 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 Green Plains’s revenue to grow 2.2% year on year, a reversal from the 22.8% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.
Looking at Green Plains’s peers in the mixed or offshore upstream e&p segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Talos Energy delivered year-on-year revenue growth of 27.7%, beating analysts’ expectations by 7.3%, and Black Stone Minerals reported a revenue decline of 24.7%, falling short of estimates by 12.6%. Black Stone Minerals’s stock price was unchanged following the results.
Read our full analysis of Talos Energy’s results here and Black Stone Minerals’s results here.
In the last twelve months or so, the market has shifted its attention from one area of macro importance to the next (AI disintermediation and AI capex spending to geopolitical conflict, rates, and whether the economy is on solid footing or not). While some of the mixed or offshore upstream e&p stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.2% on average over the last month. Green Plains is down 7.1% during the same time and is heading into earnings with an average analyst price target of $18.50 (compared to the current share price of $14.07).
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