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Pacific Ethanol, Inc. Message Board

  • papaethanol papaethanol Nov 2, 2013 1:21 PM Flag

    Third quarter earnings projections are in

    After reviewing Valero (VLO) and Great Plains Renewable Energy (GPRE) and Pacific Ethanol's first two quarterly earnings reports I believe Pacific Ethanol will report the following numbers on Wednesday.

    Sales = $221,000,000
    Cost of goods sold = $211,000,000 (95.48%)
    Gross Profit = $10,000,000 (4.52%)

    SG&A expense = ($3,000,000)
    Interest expense = ($4,000,000)
    Fair Value Adjustment =+ $900,000
    Other expense = ($175,000)

    Net Income = $3,725,000
    Preferred Dividends = ($315,000)
    Net Income available to common shareholders = $3,410,000

    earnings per share = .24

    The only true unknowns are:
    1. The amount of revenue generated from corn oil in the quarter. This will increase revenue.
    2. The number of outstanding shares is vague due to recent warrant conversions. used 14.2 million.
    3. The fair value adjustment is based on current factors and could be much larger.

    Give it your best shot and let's see who is right.

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