Green Plains Renewable Energy (GPRE) Q3 Earnings Top Estimates

Core Insights - Green Plains Renewable Energy (GPRE) reported quarterly earnings of $0.07 per share, exceeding the Zacks Consensus Estimate of $0.02 per share, but down from $0.35 per share a year ago [1] - The earnings surprise was +250.00%, contrasting with a previous quarter's loss expectation of $0.28 per share, where the actual loss was $0.41, resulting in a surprise of -46.43% [2] - The company posted revenues of $508.49 million for the quarter, missing the Zacks Consensus Estimate by 8.08% and down from $658.73 million year-over-year [3] Financial Performance - Over the last four quarters, Green Plains has surpassed consensus EPS estimates only once [2] - The stock has gained approximately 5.7% since the beginning of the year, while the S&P 500 has increased by 15.1% [4] Future Outlook - The company's earnings outlook is crucial for investors, including current consensus earnings expectations for upcoming quarters and any recent changes [5] - The current consensus EPS estimate for the next quarter is $0.11 on revenues of $552.4 million, and for the current fiscal year, it is -$1.61 on revenues of $2.26 billion [8] Industry Context - The Chemical - Specialty industry, to which Green Plains belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, indicating potential challenges [9] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [6][7]