Green Plains Renewable Energy Earnings: Here’s Why Investors are Buying Shares Now

Green Plains Renewable Energy, Inc. (NASDAQ:GPRE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 15.91%.

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Green Plains Renewable Energy, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.08 in the quarter versus EPS of $-0.39 in the year-earlier quarter.

Revenue: Decreased 1.28% to $765.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Green Plains Renewable Energy, Inc. reported adjusted EPS income of $0.08 per share. By that measure, the company beat the mean analyst estimate of $-0.11. It beat the average revenue estimate of $731.52 million.

Quoting Management: “We achieved a significant improvement in our financial performance for the first quarter of 2013 compared to last year,” stated Todd Becker, President and Chief Executive Officer. “The benefits of our multi-year diversification strategy, combined with operational excellence and risk management were all factors that contributed to the positive results, with nearly a $24 million increase in operating income year over year.”

Key Stats (on next page)…

Revenue decreased 13.38% from $883.71 million in the previous quarter. EPS decreased 61.9% from $0.21 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.07 to a loss $0.01. For the current year, the average estimate has moved up from a profit of $0.24 to a profit of $0.41 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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