Biorefining company Green Plains (NASDAQ: GPRE) will be reporting earnings this Thursday morning. Here’s what investors should know.
Green Plains missed analysts’ revenue expectations last quarter, reporting revenues of $428.8 million, down 26.6% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a significant miss of analysts’ EPS estimates.
Is Green Plains a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Green Plains’s revenue to decline 11.9% year on year, a deceleration from its flat revenue in the same quarter last year.
Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing in majority upward revisions over the last 30 days.
Looking at Green Plains’s peers in the mixed or offshore upstream e&p segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Solaris Energy Infrastructure delivered year-on-year revenue growth of 55.3%, beating analysts’ expectations by 6.8%, and Gulfport Energy reported revenues up 122%, topping estimates by 6.4%. Solaris Energy Infrastructure traded up 5.4% following the results.
Read our full analysis of Solaris Energy Infrastructure’s results here and Gulfport Energy’s results here.
There has been positive sentiment among investors in the mixed or offshore upstream e&p segment, with share prices up 5.2% on average over the last month. Green Plains is up 12.9% during the same time and is heading into earnings with an average analyst price target of $15.38 (compared to the current share price of $18.16).
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