Benzinga | Nov 2, 2021 11:27AM EDT

Earnings Outlook For Renewable Energy Group

Renewable Energy Group (NASDAQ:REGI) is set to give its latest quarterly earnings report on Wednesday, 2021-11-03. Here's what investors need to know before the announcement.

Analysts estimate that Renewable Energy Group will likely report an Earnings Per Share (EPS) of $1.17

Renewable Energy Group bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat on EPS by 24.24%, which was followed by a 7.01% increase in the share price the next day.

Here's a look at Renewable Energy Group's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 1.32 0.19 0.69 0.76EPS Actual 1.64 0.88 0.60 0.60Price Change % 7.01% 12.65% -9.51% -6.47%

Stock Performance

Shares of Renewable Energy Group were trading at $66.75 as of November 01. Over the last 52-week period, shares are up 26.28%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here