Green Plains Misses Q1 Revenue Estimates with $445.8M, Reports $0.42 EPS
GPRE has more than doubled off its 52-week low of $3.385.
Summary
Green Plains Inc. announced its first-quarter results, reporting revenue of $445.8 million. This figure fell short of the IBES analyst consensus estimate of $465.5 million, indicating a top-line miss. The company also reported Q1 earnings per share of $0.42 and EBITDA of $71.5 million. The revenue miss is a material piece of information for traders, suggesting weaker-than-anticipated performance and potentially leading to negative pressure on the stock.
At the time of this announcement, GPRE was trading at $17.11 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $3.39 to $18.94. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.