Green Plains Q3 2024 GAAP EPS $0.69 Beats $0.12 Estimate, Sales $658.740M Miss $669.246M Estimate
Portfolio Pulse from Benzinga Newsdesk
Green Plains (NASDAQ:GPRE) reported Q3 2024 earnings per share of $0.69, significantly beating the $0.12 estimate, but sales of $658.74M missed the $669.246M estimate. EPS increased by 97.14% year-over-year, while sales decreased by 26.21%.
October 31, 2024 | 10:57 am
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Green Plains reported a strong EPS of $0.69, beating estimates by 475%, but sales fell short of expectations and decreased significantly year-over-year.
The significant beat on EPS suggests strong profitability, which is positive for the stock. However, the miss on sales and the year-over-year decline in revenue could temper investor enthusiasm. Overall, the strong EPS performance is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100