Analysts Anticipate Gevo Inc. (NASDAQ:GEVO) to Post ($0.09) EPS
Gevo Inc. (NASDAQ:GEVO) has been given an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Analysts have set a 12-month consensus price objective of $2.30 for the company and are forecasting that the company will post ($0.09) EPS for the current quarter, according to Zacks. Zacks has also given Gevo an industry rank of 65 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut Gevo from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th.
An institutional investor recently raised its position in Gevo stock. Vanguard Group Inc. increased its position in Gevo Inc. (NASDAQ:GEVO) by 357.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 815,973 shares of the company’s stock after buying an additional 637,440 shares during the period. Vanguard Group Inc. owned approximately 3.55% of Gevo worth $481,000 as of its most recent SEC filing. Institutional investors and hedge funds own 3.50% of the company’s stock.
Shares of Gevo (NASDAQ:GEVO) opened at 0.48 on Tuesday. The firm’s market cap is $23.56 million. The stock has a 50 day moving average price of $0.51 and a 200-day moving average price of $0.46. Gevo has a 52-week low of $0.22 and a 52-week high of $2.24.
Gevo (NASDAQ:GEVO) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.12. Gevo had a negative return on equity of 67.50% and a negative net margin of 133.03%. The firm had revenue of $8.11 million for the quarter, compared to analysts’ expectations of $8.90 million. On average, equities analysts anticipate that Gevo will post ($0.72) EPS for the current fiscal year.
Gevo Company Profile
Gevo, Inc (Gevo) is a renewable chemicals and next generation biofuels company. The Company has developed a technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of isobutanol, as well as related products from renewable feedstock.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Gevo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gevo Inc. and related companies with MarketBeat.com's FREE daily email newsletter.