Recap: Gevo Q3 Earnings
Portfolio Pulse from Benzinga Insights
Gevo Inc. (NASDAQ:GEVO) reported Q3 earnings with an EPS of $-0.07, missing estimates by 40% against the expected $-0.05. Revenue increased by $4.22 million compared to the same period last year. Despite missing EPS estimates last quarter, GEVO's share price increased by 1.92% the following day. Historical earnings data shows mixed performance in meeting EPS estimates over the past four quarters.
November 13, 2023 | 9:30 pm
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Gevo Inc. reported lower than expected Q3 earnings with an EPS miss of 40%, but showed a significant increase in revenue year-over-year.
Gevo's miss on EPS estimates could be seen negatively by investors, but the substantial increase in revenue may offset concerns. Historical data indicates that the stock price could still rise despite an earnings miss, as seen last quarter. The mixed signals suggest a neutral short-term impact.
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IMPORTANCE 75
RELEVANCE 100