Gevo Inc reports results for the quarter ended June 30 - Earnings Summary

• Gevo Inc GEVO.OQ reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -9 cents. The mean expectation of three analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -7 cents to -4 cents per share.

• Revenue rose 725.3% to $43.41 million from a year ago; analysts expected $46.46 million.

• Gevo Inc's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $2.14 million.

• Gevo Inc shares had fallen by 10.6% this quarter and lost 43.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 10.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

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 $1.88, about 37.1% above its last closing price of $1.18

This summary was machine generated from LSEG data August 11 at 09:00 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)