Pacific Ethanol, Inc. (PEIX) to Release Earnings on Tuesday

Pacific Ethanol, Inc. (NASDAQ:PEIX) is scheduled to post its Q3 2017 quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Pacific Ethanol to post earnings of $0.03 per share for the quarter.

Pacific Ethanol (NASDAQ:PEIX) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.18). Pacific Ethanol had a negative net margin of 0.72% and a negative return on equity of 3.02%. The company had revenue of $405.20 million for the quarter, compared to analyst estimates of $410.34 million. During the same quarter last year, the company posted $0.11 EPS. Pacific Ethanol’s revenue was down 4.2% on a year-over-year basis. On average, analysts expect Pacific Ethanol to post $-0.49 EPS for the current fiscal year and $0.47 EPS for the next fiscal year.

Shares of Pacific Ethanol, Inc. (NASDAQ PEIX) opened at 4.70 on Monday. Pacific Ethanol, Inc. has a 12 month low of $4.15 and a 12 month high of $10.95. The stock’s 50 day moving average price is $5.30 and its 200-day moving average price is $5.82. The firm’s market cap is $206.67 million.

PEIX has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Pacific Ethanol from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine lowered shares of Pacific Ethanol from a “hold” rating to a “sell” rating in a report on Friday, September 1st. HC Wainwright set a $14.00 target price on shares of Pacific Ethanol and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, Cowen and Company set a $13.00 target price on shares of Pacific Ethanol and gave the stock a “buy” rating in a report on Saturday, July 29th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $13.00.

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About Pacific Ethanol

Pacific Ethanol, Inc (Pacific Ethanol) is a marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol markets all the ethanol produced by four ethanol production facilities located in California, Idaho and Oregon, or the Pacific Ethanol Plants, all the ethanol produced by three other ethanol producers in the Western United States and ethanol purchased from other third-party suppliers throughout the United States.

Earnings History for Pacific Ethanol (NASDAQ:PEIX)

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