Yep... and remember art from yesterday... "analysts have a long-term growth EPS estimate of $20"... with long term they ment 3 to 5 years...
Pacific Ethanol, Inc. (NASDAQ:PEIX) Stock Rating Update
on July 22, 2015
Pacific Ethanol, Inc. (NASDAQ:PEIX) has been issued a 1 rating by the sell-side brokerage firms covering the stock. Basing the rating on a simplified scale where 1 represents a Buy and 5 represents a Sell, this is the average rating based on the 2 firms polled by Zacks Research. To determine the direction the stock sentiment is headed, it’s noted that the stock had a rating of 1 three months ago.
The sell-side brokers covering the equity also have issued projected stock price objectives on the company. The one year projections range from a high of $17 to the low of $16. The mean price target of all analysts taken into consideration by Zacks is $16.5.
Earnings at a Glance
Near term, Wall Street brokerage analysts are expecting Pacific Ethanol, Inc. (NASDAQ:PEIX) to report earnings of $0.04 per share for the fiscal quarter ending on 2015-06-30. This is the calculated earnings per share estimate from the 2 polled by Zacks. In taking a look further ahead three to five years, analysts have a long-term growth EPS estimate of $20. This number is the best estimate for sales and earnings over that time frame.
Stock holders will be watching when Pacific Ethanol, Inc. reports their next earnings results on 2015-07-29. Most recently the firm announced earnings per share of $-0.19 for the quarter which ended on 2015-03-31. Compared to analyst expectations just before the announcement, the actual results were $-0.02 away from that number, or a surprise factor of -11.76%.
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. It also markets ethanol co-products, including wet distiller’s grains and syrup (WDG), for the Pacific Ethanol Plants. The Company holds a 34% ownership interest in New PE Holdco LLC (New PE Holdco), the plant owners, which collectively own the Pacific Ethanol Plants. The Company’s ethanol customers are integrated oil companies and gasoline marketers who blend ethanol into gasoline. In July 2012, it acquired an additional 33% ownership interest in New PE Holdco LLC, the owner of the Pacific Ethanol plants.
I understand... I should also... but ... you know
You're forgotten ... Kelly and Holding Peix BUY and HOLD long
By Susanne Retka Schill | June 26, 2015
Were the record profits in the ethanol industry during the past couple of years a temporary blip? Or are they reflecting a new normal, driven by a robust ethanol export market? “The answer appears to be some of both,” writes University of Illinois economist Scott Irwin in a recent FarmDocDaily post, “Mid-year update on ethanol production profits.”
While the extreme profits seen in the past couple of years have not been repeated so far this year, “profits have been surprisingly robust.” Net profits for a model Iowa plant have averaged 11 cents per gallon so far in 2015, “almost three times the average profit of 4 cents per gallon earned over 2007-2012,” he writes, albeit much lower than the average profit of 43 cents per gallon during the recent record profit streak.
The model ethanol plant used to track the profitability of ethanol production is meant to represent an average Iowa ethanol plant constructed in the past decade. “There is certainly substantial variation in capacity and production efficiency across the industry,” he cautions. The model includes variable and fixed costs, typical yields and Iowa-based values for sales estimates.
There are several factors responsible for the continued profitability, he suggests. CBOB gasoline prices have increased over $1 per gallon since the first of the year when ethanol margins dipped into the negative. Corn prices have experience only a minimal recovery since last fall’s lows and natural gas costs have been at historically low levels. In addition, distillers grains prices have remained elevated longer than expected. “Whether the profits can be maintained at [the current level] will depend to a considerable degree on DDGS prices,” Irwin writes, “which have been very strong relative to corn prices in recent months.”