Neste OYJ (OTCMKTS:NTOIY) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Neste OYJ (OTCMKTS:NTOIY) released its quarterly earnings results on Thursday. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01), Zacks reports. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.59 billion.

Neste OYJ Price Performance

Shares of Neste OYJ stock opened at $12.34 on Friday. The firm has a fifty day moving average price of $11.51 and a 200 day moving average price of $10.14. Neste OYJ has a 1 year low of $3.75 and a 1 year high of $13.05.

Wall Street Analysts Forecast Growth

Several research firms have commented on NTOIY. The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Berenberg Bank upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. UBS Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, BNP Paribas Exane upgraded shares of Neste OYJ to a “hold” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

About Neste OYJ

Neste OYJ is a Finland-based energy company with a strong focus on renewable and circular solutions. Headquartered in Espoo, the company operates one of the world’s largest renewable diesel production networks and offers a wide range of low-carbon fuels, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residues. In addition to renewable products, Neste maintains traditional oil refining and marketing operations in selected markets.

The company’s Renewable Products segment processes raw materials such as used cooking oil, animal fat and industrial residues into high-performance renewable diesel and aviation fuel.