Green Plains Q2 2024 GAAP EPS $(0.38) Misses $(0.13) Estimate, Sales $618.825M Miss $644.572M Estimate
Portfolio Pulse from Benzinga Newsdesk
Green Plains (NASDAQ:GPRE) reported a Q2 2024 GAAP EPS of $(0.38), missing the $(0.13) estimate by 192.31%. Sales were $618.825M, missing the $644.572M estimate by 3.99% and down 27.84% from last year's $857.632M.
August 06, 2024 | 11:00 am
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NEGATIVE IMPACT
Green Plains reported a significant earnings miss for Q2 2024, with GAAP EPS of $(0.38) missing the $(0.13) estimate by 192.31%. Sales also missed estimates and were down 27.84% year-over-year.
The significant miss on both EPS and sales, along with a substantial year-over-year decline in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100