Markets

Earnings Estimates Moving Higher for Green Plains (GPRE): Time to Buy?

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

GREEN PLAINS Price and Consensus | GREEN PLAINS Quote

Bottom Line

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.

Confidential from Zacks

Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

GREEN PLAINS (GPRE): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

GPRE

Other Topics

Earnings Investing Stocks