HC Wainwright Has Bearish 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) - Analysts at HC Wainwright reduced their FY2028 earnings per share estimates for Gevo in a report released on Tuesday, August 12th. HC Wainwright analyst A. Dayal now expects that the energy company will earn $0.22 per share for the year, down from their prior forecast of $0.27. HC Wainwright 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.

Gevo (NASDAQ:GEVO - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The energy company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.07. Gevo had a negative return on equity of 12.04% and a negative net margin of 72.76%. The business had revenue of $43.41 million during the quarter, compared to the consensus estimate of $43.69 million.

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

Gevo Trading Down 6.7%

Gevo stock traded down $0.12 during trading hours on Wednesday, reaching $1.68. 6,483,036 shares of the company's stock were exchanged, compared to its average volume of 5,022,064. The company has a quick ratio of 2.10, a current ratio of 2.33 and a debt-to-equity ratio of 0.29. The firm's 50 day simple moving average is $1.41 and its 200 day simple moving average is $1.33. Gevo has a twelve month low of $0.67 and a twelve month high of $3.39. The firm has a market capitalization of $406.29 million, a PE ratio of -6.46 and a beta of 2.67.

Insider Buying and Selling

In other Gevo news, COO Christopher Michael Ryan sold 42,499 shares of Gevo stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1.23, for a total transaction of $52,273.77. Following the completion of the transaction, the chief operating officer owned 1,633,621 shares in the company, valued at approximately $2,009,353.83. The trade was a 2.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Bloom sold 42,073 shares of Gevo stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1.23, for a total value of $51,749.79. Following the transaction, the insider owned 1,000,683 shares of the company's stock, valued at $1,230,840.09. This trade represents a 4.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 974,354 shares of company stock worth $1,225,620 over the last 90 days. 4.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gevo

A number of hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position in shares of Gevo by 11.0% during the 2nd quarter. NewEdge Advisors LLC now owns 92,965 shares of the energy company's stock worth $123,000 after buying an additional 9,249 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Gevo by 138.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company's stock worth $28,000 after buying an additional 12,136 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Gevo during the 4th quarter worth approximately $27,000. IHT Wealth Management LLC bought a new position in shares of Gevo during the 4th quarter worth approximately $29,000. Finally, Centerpoint Advisory Group lifted its position in shares of Gevo by 55.6% during the 1st quarter. Centerpoint Advisory Group now owns 56,000 shares of the energy company's stock worth $65,000 after buying an additional 20,000 shares in the last quarter. Institutional investors and hedge funds own 35.17% 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.