What To Expect From Pacific Ethanol, Inc. ($PEIX) 2Q20 Earnings

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Pacific Ethanol, Inc. (NASDAQ:PEIX) is set to announce second quarter earning results on Tuesday 11th August 2020, after market close.

Analysts surveyed by Thomson Reuters are predicting, PEIX to report 2Q20 loss of $ 0.2 per share.

For the full year, analysts anticipate top line of $ 874.20 million, while looking forward to loss of $ 1.16 per share bottom line.

Previous Quarter Performance

Pacific Ethanol, Inc. revealed loss for the first quarter of $ 0.47 per share, from the revenue of $ 311.40 million. The quarterly revenues contracted 11.81 percent compared with the same quarter last year. Street analysts expected Pacific Ethanol, Inc. to report loss of $ 0.42 per share on revenue of $ 269.69 million for the first quarter. The bottom line results missed street analysts by $ 0.05 or 11.9 percent, at the same time, top line results outshined analysts by $ 41.71 million or 15.47 percent.

Historical Earnings Performance
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Stock Performance

According to the previous trading day, closing price of PEIX was $ 3.24, representing a 1,372.73 % increase from the 52 week low of $ 0.22 and a 1.82 % decrease over the 52 week high of $ 3.30.

The company has a market capital of $ 179.76 million and is part of the Energy sector and Oil & Gas Refining & Marketing industry.

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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.