Green Plains Renewable Energy Goes Red
Green Plains Renewable Energy (NAS: GPRE) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Green Plains Renewable Energy beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted to a loss.
Margins dropped across the board.
Green Plains Renewable Energy reported revenue of $775.4 million. The five analysts polled by S&P Capital IQ looked for revenue of $759.7 million on the same basis. GAAP reported sales were 4.5% lower than the prior-year quarter's $812.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at -$0.31. The five earnings estimates compiled by S&P Capital IQ predicted -$0.10 per share on the same basis. GAAP EPS were -$0.39 for Q1 compared to $0.20 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 1.1%, 350 basis points worse than the prior-year quarter. Operating margin was -1.4%, 380 basis points worse than the prior-year quarter. Net margin was -1.6%, 260 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $786.7 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $3.11 billion. The average EPS estimate is $0.97.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 84 members out of 139 rating the stock outperform, and 55 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give Green Plains Renewable Energy a green thumbs-up, and 24 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Green Plains Renewable Energy is outperform, with an average price target of $13.84.
Is Green Plains Renewable Energy the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Green Plains Renewable Energy to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.