The 10-second takeaway
For the quarter ended March 31 (Q1), Gevo missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP loss per share contracted.
Margins contracted across the board.
Gevo reported revenue of $14.9 million. The eight analysts polled by S&P Capital IQ hoped for revenue of $15.8 million on the same basis. GAAP reported sales were 2.7% lower than the prior-year quarter's $15.3 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 -$0.64. The six earnings estimates compiled by S&P Capital IQ predicted -$0.59 per share. GAAP EPS were -$0.74 for Q1 compared to -$0.76 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 -0.9%, 150 basis points worse than the prior-year quarter. Operating margin was -122.5%, 6,750 basis points worse than the prior-year quarter. Net margin was -129.8%, 6,910 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $12.4 million. On the bottom line, the average EPS estimate is -$0.60.
Next year's average estimate for revenue is $52.2 million. The average EPS estimate is -$2.16.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 26 members out of 29 rating the stock outperform, and three members rating it underperform. Among seven CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give Gevo a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gevo is buy, with an average price target of $15.69.
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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.