Gevo, Inc. (GEVO) closed at $11.02 in the latest trading session, marking a -0.63% move from the prior day. This change lagged the S&P 500’s daily gain of 1.39%. Meanwhile, the Dow gained 1.57%, and the Nasdaq, a tech-heavy index, added 1.56%.
Wall Street will be looking for positivity from GEVO as it approaches its next earnings report date. The company is expected to report EPS of -$0.06, up 88% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $0.76 million, down 89.04% from the year-ago period.
Investors might also notice recent changes to analyst estimates for GEVO. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 17.14% higher. GEVO is currently a Zacks Rank #3 (Hold).
The Alternative Energy – Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 132, putting it in the bottom 49% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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