Gevo Q2 EPS $(0.06) Misses $(0.05) Estimate, Sales $4.24M Beat $4.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gevo reported Q2 earnings per share (EPS) of $(0.06), missing the analyst consensus estimate of $(0.05) by 20 percent. However, the company's quarterly sales of $4.24 million beat the estimate of $4.00 million by 5.95 percent, marking a 4.66K percent increase from the same period last year.
August 10, 2023 | 8:02 pm
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Gevo's Q2 EPS missed estimates, but sales exceeded expectations and showed significant YoY growth.
Gevo's Q2 earnings report is a mixed bag. While the company missed EPS estimates, which could negatively impact the stock, it beat sales estimates and showed significant YoY growth, which could have a positive effect. The net impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100