Gevo Inc reports results for the quarter ended March 31 - Earnings Summary

• Gevo Inc GEVO.OQ reported a quarterly adjusted loss of 9 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -8 cents. The mean expectation of three analysts for the quarter was for a loss of 10 cents per share. Wall Street expected results to range from -11 cents to -9 cents per share.

• Revenue rose 629.5% to $29.11 million from a year ago; analysts expected $19.49 million.

• Gevo Inc's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $21.73 million.

• Gevo Inc shares had risen by 2.6% this quarter and lost 43.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 70.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the renewable fuels peer group is "hold."

• Wall Street's median 12-month price target for Gevo Inc is $2.85

This summary was machine generated from LSEG data May 13 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)