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Analysts Estimate Green Plains Renewable Energy (GPRE) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2025-01-31 16:01
Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Green Plains Renewable Energy (GPRE) due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - The earnings report is expected on February 7, 2025, with a consensus estimate of a quarterly loss of $0.28 per share, reflecting a year-over-year change of -333.3% [3]. - Revenues are projected to be $625.2 million, down 12.2% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 170% lower in the last 30 days, indicating a significant reassessment by analysts [4]. - The Most Accurate Estimate for Green Plains is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -41.49% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a strong predictor for positive readings [7][8]. - Green Plains currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [11]. Historical Performance - In the last reported quarter, Green Plains exceeded expectations with earnings of $0.35 per share against an estimate of $0.11, resulting in a surprise of +218.18% [12]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [13]. Market Context - The performance of Green Plains may not solely dictate stock movement, as other factors can influence investor sentiment [14]. - Despite not appearing as a compelling earnings-beat candidate, other market factors should be considered when evaluating the stock [16]. Industry Comparison - Linde (LIN), another player in the Zacks Chemical - Specialty industry, is expected to report earnings per share of $3.93 for the same quarter, indicating a year-over-year change of +9.5% [17]. - Linde's revenues are projected at $8.36 billion, up 0.7% from the previous year, with a recent EPS estimate revision of 1.4% down [18].
Green Plains(GPRE) - 2024 Q3 - Earnings Call Transcript
2024-10-31 22:58
Financial Data and Key Metrics Changes - The company reported $83.3 million in EBITDA for Q3 2024, which includes a $30.7 million gain from the sale of the Birmingham Unit Train Terminal. Normal operations EBITDA was $53 million, and the standalone consolidated crush margin was $58 million [6][19]. - Consolidated revenues for Q3 2024 were $658.7 million, down $234 million or approximately 26% year-over-year, primarily due to lower prices for ethanol, dry distillers grains, and renewable corn oil [16][19]. - Net income attributable to the company was $48.2 million or $0.69 per diluted share, compared to $22.3 million or $0.35 per diluted share in Q3 2023 [18][19]. - The plant utilization rate was 97% during the quarter, up from 94% in the same period last year [17]. Business Line Data and Key Metrics Changes - Ethanol operating rates reached nearly 97%, with record ultra-high protein production and strong corn oil yield maintained [9][11]. - The company experienced strong demand for ethanol exports, with totals through August reaching 1.2 billion gallons, on track for a record year of 1.8 to 1.9 billion gallons [12]. - Record production of ultra-high protein was achieved during Q3, with ongoing efforts to maximize efficiency and flexibility in production [32][34]. Market Data and Key Metrics Changes - The company noted favorable natural gas and corn prices, contributing to solid margins during the quarter, despite some rapid compression late in the quarter [11][36]. - The corn basis in Q3 was at least $0.50 a bushel better than the prior three years, aiding the margin structure for the industry [52]. Company Strategy and Development Direction - The company is focused on decarbonizing its operations in Nebraska and anticipates significant cash flows from carbon credits starting in the second half of 2025 [28][30]. - The ongoing startup of the Clean Sugar Technology project is a key focus, with expectations for commercial sales in Q4 2024 [13][14]. - The strategic review process is ongoing, with the Board of Directors working with financial advisors to explore options for enhancing shareholder value [15]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to improve operational performance and margins, despite recent volatility in the industry [11][41]. - The management team highlighted the importance of upcoming milestones in carbon capture and the potential for increased interest in carbon credits [40][66]. - The company remains optimistic about the demand for low-carbon products and the potential for strong margins in 2025 [74]. Other Important Information - The company completed the sale of the Birmingham Unit Train Terminal, using proceeds to retire high-priced debt, which is expected to enhance efficiency [15]. - Capital expenditures for the year are anticipated to be in the range of $90 million to $100 million, excluding carbon capture equipment financing [24]. Q&A Session Summary Question: What does the market need to see for better valuation? - Management indicated that milestones in carbon projects will be critical for increasing market interest and valuation [40]. Question: How is the clean sugar technology progressing? - The company is receiving positive feedback from North American customers and is working towards food-grade certification [55]. Question: What is the outlook for ethanol exports next year? - Management expects continued robust demand for ethanol exports, particularly as global blend rates increase [74]. Question: How are protein margins expected to evolve? - Management noted that while margins are currently lower than hoped, demand remains strong, and they anticipate stabilization in spreads [80].
Green Plains(GPRE) - 2024 Q3 - Quarterly Report
2024-10-31 18:47
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission File Number 001-32924 GREEN PLAINS INC. (Exact name of registrant as specified in it ...
Green Plains Renewable Energy (GPRE) Surpasses Q3 Earnings Estimates
ZACKS· 2024-10-31 13:05
Group 1: Earnings Performance - Green Plains Renewable Energy (GPRE) reported quarterly earnings of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.11 per share, and matching the earnings from the same quarter last year [1] - The earnings surprise for this quarter was 218.18%, contrasting with a previous quarter where a loss of $0.16 per share was expected, but the company reported a loss of $0.38, resulting in a surprise of -137.50% [2] - Over the last four quarters, the company has only surpassed consensus EPS estimates once [2] Group 2: Revenue Performance - For the quarter ended September 2024, Green Plains posted revenues of $658.74 million, which missed the Zacks Consensus Estimate by 0.11%, and represented a decline from year-ago revenues of $892.77 million [3] - The company has not been able to beat consensus revenue estimates over the last four quarters [3] Group 3: Stock Performance and Outlook - Green Plains shares have declined approximately 53.9% since the beginning of the year, while the S&P 500 has gained 21.9% [4] - The current consensus EPS estimate for the upcoming quarter is $0.14 on revenues of $651.47 million, and for the current fiscal year, it is -$1.04 on revenues of $2.51 billion [8] - The Zacks Industry Rank indicates that the Chemical - Specialty sector is currently in the bottom 33% of over 250 Zacks industries, suggesting potential challenges for stock performance [9]
Green Plains(GPRE) - 2024 Q3 - Quarterly Results
2024-10-31 10:56
Exhibit 99.1 FOR IMMEDIATE RELEASE Green Plains Reports Third Quarter 2024 Financial Results Results for the Third Quarter of 2024 and Future Outlook: • Net income attributable to Green Plains of $48.2 million, or EPS of $0.69 per diluted share, compared to net income attributable to Green Plains of $22.3 million, or $0.35 per diluted share, for the same period in 2023 • EBITDA of $83.3 million, inclusive of a $30.7 million gain on sale of assets • Consolidated crush margin of $58.3 million in the third qua ...
Green Plains(GPRE) - 2024 Q2 - Quarterly Report
2024-08-06 20:35
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission File Number 001-32924 GREEN PLAINS INC. (Exact name of registrant as specified in its cha ...
Green Plains(GPRE) - 2024 Q2 - Earnings Call Transcript
2024-08-06 16:26
Green Plains Inc. (NASDAQ:GPRE) Q2 2024 Earnings Conference Call August 6, 2024 9:00 AM ET Company Participants Phil Boggs - EVP of Investor Relations and Finance Todd Becker - President and CEO Jim Stark – CFO Devin Mogler - SVP, Corporate & IR Conference Call Participants Adam Samuelson - Goldman Sachs Heather Jones - Heather Jones Research Salvator Tiano - Bank of America Andrew Strelzik - BMO Capital Markets Laurence Alexander - Jefferies Matthew Blair - TPH Eric Stine - Craig-Hallum Jordan Levy - Truis ...
Green Plains Renewable Energy (GPRE) Reports Q2 Loss, Lags Revenue Estimates
ZACKS· 2024-08-06 13:06
Green Plains Renewable Energy (GPRE) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.89 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -137.50%. A quarter ago, it was expected that this ethanol production, marketing and commodities company would post a loss of $0.33 per share when it actually produced a loss of $0.81, delivering a surprise ...
Green Plains(GPRE) - 2024 Q2 - Quarterly Results
2024-08-06 10:57
Exhibit 99.1 FOR IMMEDIATE RELEASE Green Plains Reports Second Quarter 2024 Financial Results Results for the Second Quarter of 2024 and Future Outlook: • Net loss attributable to Green Plains of $24.4 million, or EPS of $(0.38) per basic and diluted share, compared to net loss attributable to Green Plains of $52.6 million, or $(0.89) per basic and diluted share, for the same period in 2023 • EBITDA of $4.8 million, a $19.7 million improvement compared to the prior year, driven by stronger ethanol productio ...
Green Plains (GPRE) Updates on Nebraska Carbon Capture Project
ZACKS· 2024-06-19 14:30
The Zacks Consensus Estimate for Ecolab's current-year earnings is pegged at $6.59 per share, indicating a year-over-year rise of 26.5%. The consensus estimate for ECL's current-year earnings has gone up in the past 30 days. ECL, which carries a Zacks Rank of 2 at present, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 1.3%. The company's shares have gained roughly 33.6% in the past year. Green Plains Inc. (GPRE) has stated that the construction manag ...