Green Plains Inc. GPRE is a vertically integrated producer, marketer and distributer of ethanol that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on GPRE's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Green Plains could be a solid choice for investors.
Current Quarter Estimates for GPRE
In the past 30 days, 2 estimates have gone higher for Green Plains while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 27 cents a share 30 days ago, to 37 cents today, a move of 37%.
Current Year Estimates for GPRE
Meanwhile, Green Plains' current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 3 cents per share 30 days ago to 21 cents per share today, a significant increase .
GREEN PLAINS Price and Consensus
The stock has also started to move higher lately, adding 14.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.
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