Gevo Q3 EPS $(0.07) Misses $(0.05) Estimate, Sales $4.53M Beat $4.10M Estimate
Portfolio Pulse from bharat@benzinga.com
Gevo Inc. (NASDAQ:GEVO) reported a Q3 EPS loss of $(0.07), missing the $(0.05) estimate by 40%, but showed improvement from last year's $(0.19) loss. Sales reached $4.53M, surpassing the $4.10M estimate by 10.44% and marking a significant increase from $309.00 thousand in the same period last year.
November 13, 2023 | 9:29 pm
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Gevo Inc. missed EPS estimates by 40% but exceeded sales forecasts by 10.44%, indicating mixed Q3 performance with significant sales growth compared to last year.
The EPS miss may concern investors about profitability, potentially putting downward pressure on the stock. However, the significant sales beat and year-over-year growth could offset this by suggesting potential for future profitability, leading to a neutral short-term impact.
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