What is HC Wainwright's Estimate for Gevo FY2028 Earnings?

Key Points

• HC Wainwright has lowered its FY2028 earnings estimate for Gevo to $0.22 per share from a previous estimate of $0.27, while maintaining a "Buy" rating and a price target of $14.00.
• The current consensus estimate for Gevo's full-year earnings is a loss of ($0.42) per share, indicating ongoing financial challenges for the company.
• Gevo's recent quarterly earnings report showed a beat on earnings expectations, with $0.01 earnings per share against a consensus of ($0.06), alongside revenue of $43.41 million.

Gevo, Inc. (NASDAQ:GEVO - Free Report) - Equities researchers at HC Wainwright reduced their FY2028 earnings estimates for shares of Gevo in a research report issued on Tuesday, August 12th. HC Wainwright analyst A. Dayal now forecasts that the energy company will post earnings of $0.22 per share for the year, down from their previous estimate of $0.27. HC Wainwright currently has a "Buy" rating and a $14.00 price target on the stock. The consensus estimate for Gevo's current full-year earnings is ($0.42) per share. HC Wainwright also issued estimates for Gevo's FY2029 earnings at $0.95 EPS.

Separately, Wall Street Zen lowered shares of Gevo from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd.

Gevo Stock Performance

Shares of GEVO traded up $0.07 during trading hours on Wednesday, reaching $2.06. 4,371,056 shares of the company traded hands, compared to its average volume of 4,895,908. The stock's fifty day moving average is $1.36 and its 200 day moving average is $1.33. The stock has a market cap of $492.30 million, a P/E ratio of -7.93 and a beta of 2.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.71 and a current ratio of 2.04. Gevo has a 1-year low of $0.63 and a 1-year high of $3.39.

Gevo (NASDAQ:GEVO - Get Free Report) last released its earnings results on Monday, August 11th. The energy company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.07. The firm had revenue of $43.41 million during the quarter, compared to analyst estimates of $43.69 million. Gevo had a negative net margin of 72.76% and a negative return on equity of 11.96%.

Institutional Trading of Gevo

Several hedge funds have recently modified their holdings of GEVO. Invesco Ltd. grew its stake in shares of Gevo by 441.0% during the fourth quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company's stock valued at $8,966,000 after purchasing an additional 3,497,007 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Gevo by 104.5% in the second quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company's stock valued at $7,424,000 after buying an additional 2,873,940 shares during the period. Renaissance Technologies LLC acquired a new stake in Gevo in the fourth quarter worth $904,000. Marshall Wace LLP acquired a new stake in Gevo in the fourth quarter worth $812,000. Finally, Rhumbline Advisers acquired a new stake in Gevo in the second quarter worth $383,000. 35.17% of the stock is owned by institutional investors.

Insider Activity

In other Gevo news, insider Paul D. Bloom sold 42,073 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1.23, for a total transaction of $51,749.79. Following the sale, the insider directly owned 1,000,683 shares of the company's stock, valued at approximately $1,230,840.09. This represents a 4.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kimberly T. Bowron sold 23,994 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $1.28, for a total transaction of $30,712.32. Following the sale, the insider directly owned 391,274 shares in the company, valued at $500,830.72. This trade represents a 5.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 974,354 shares of company stock valued at $1,225,620. Corporate insiders own 4.00% of the company's stock.

Gevo Company Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.

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