Gevo, Inc. (NASDAQ:GEVO) is reporting third quarter earnings results on Tuesday 10th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.1 per share.
For the full year, analysts predict revenues of $ 6.25 million, while looking forward to loss of $ 0.98 per share.
Previous Quarter Performance
Gevo, Inc. revealed loss for the second quarter of $ 0.39 per share, from the revenue of $ 0.99 million. The quarterly revenues reduced 80.55 percent compared with the same quarter last year. According to street consensus, GEVO was expected to report 2Q20 loss of $ 0.25 per share from revenue of $ 0.47 million. The bottom line results missed street analysts by $ 0.14 or 56 percent, at the same time, top line results outshined analysts by $ 0.52 million or 110.64 percent.
Stock Performance
Shares of Gevo, Inc. traded low $ -0.01 or -0.93 percent on Monday, reaching $ 1.06 with volume of 13.97 million shares. Gevo, Inc. has traded high as $ 1.16 and has cracked $ 1.06 on the downward trend
According to the previous trading day, closing price of $ 1.06, representing a 132.61 % increase from the 52 week low of $ 0.46 and a 63.23 % decrease over the 52 week high of $ 2.91.
The company has a market capital of $ 80.27 million and is part of the Basic Materials sector and Specialty Chemicals industry.
Conference Call
Gevo, Inc. will be hosting a conference call at 4:30 PM eastern time on 10th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.gevo.com
Gevo, Inc., a renewable chemicals and low-carbon fuel company, focuses on the development and commercialization of renewable alternatives to petroleum-based products in the United States. It operates through two segments, Gevo, Inc. and Gevo Development/Agri-Energy.
