Pacific Ethanol, Inc. (NASDAQ:PEIX) is expected to report third quarter earnings results, after market close, on Monday 9th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.22 per share.
Looking ahead, the full year income are expected at $ 0.28 per share on the revenues of $ 947.63 million.
Previous Quarter Performance
Pacific Ethanol, Inc. reported income for the second quarter of $ 0.27 per share, from the revenue of $ 212.07 million. The quarterly revenues reduced 40.75 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.20 per share from $ 174.20 million in revenue. The bottom line results beat street analysts by $ 0.47 or 235.00 percent, at the same time, top line results outshined analysts by $ 37.87 million or 21.74 percent.
Stock Performance
On Friday, shares of Pacific Ethanol, Inc. has traded high as $ 7.49 and has cracked $ 6.57 on the downward trend, reaching $ 6.74 with volume of 7.23 million shares.
According to the previous trading day, closing price of $ 6.74, representing a 3,163.64 % increase from the 52 week low of $ 0.22 and a 37.24 % decrease over the 52 week high of $ 11.44.
The company has a market capital of $ 461.66 million and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
Recent Analyst recommendations
- On 22nd September 2020, initiated by BWS Financial at Buy rating, with $ 20.50 target price.
- On 16th September 2020, maintained by HC Wainwright at Buy rating, with $ 16.00 target price.
Pacific Ethanol, Inc. produces and markets low-carbon renewable fuels and alcohol products in the United States. The company operates in two segments, Production and Marketing.
