Net income swung to $67.1 mln from a loss last year, aided by 45Z tax credits
Company cut SG&A expenses by 21% yr/yr to $21.7 mln
Result drivers
Ethanol margins - Higher margins in ethanol production and agribusiness segments contributed to improved profitability
Cost controls - Lower selling, general and administrative expenses supported earnings, aided by prior restructuring
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$446.2 mln
$519.93 mln (3 Analysts)
Q2 EPS
$0.83
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
GPRE•
