Gevo (GEVO) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS
Gevo (NASDAQ:GEVO) announced its earnings results on Wednesday. The company reported ($0.25) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.17) by $0.08, StockRatingsNetwork.com reports. The company had revenue of $7.70 million for the quarter, compared to the consensus estimate of $7.20 million.
On the ratings front, analysts at Cowen and Company cut their price target on shares of Gevo to $1.00 in a research note on Friday, May 16th.
Gevo (NASDAQ:GEVO) traded down 2.06% on Wednesday, hitting $0.4899. The stock had a trading volume of 917,864 shares. Gevo has a 1-year low of $0.44 and a 1-year high of $2.18. The stock’s 50-day moving average is $0.70 and its 200-day moving average is $1.02. The company’s market cap is $33.2 million.
Gevo, Inc, is a renewable chemicals and advanced biofuels company. The Company is focused on the development and commercialization of alternatives to petroleum-based products.
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