Green Plains Renewable Energy
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Green Plains Renewable Energy beat slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly, and GAAP earnings per share shrank significantly.
Margins contracted across the board.
Green Plains Renewable Energy booked revenue of $922.8 million. The six analysts polled by S&P Capital IQ anticipated net sales of $907.9 million. GAAP sales were 22% higher than the prior-year quarter's $756.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.36. The six earnings estimates compiled by S&P Capital IQ predicted $0.40 per share. GAAP EPS of $0.36 for Q4 were 18% lower than the prior-year quarter's $0.44 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 5.6%, 120 basis points worse than the prior-year quarter. Operating margin was 3.5%, 80 basis points worse than the prior-year quarter. Net margin was 1.4%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $813.6 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $3.25 billion. The average EPS estimate is $1.57.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 85 members rating the stock outperform and 52 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 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 $14.67.
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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 of Motley 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.