Who knows on the PPS. Could be manipulated lower. Fact of the matter is PEIX EPS of (.04). The street mean estimate was (.06). So technically they beat.
It is not bad considering the recent price of corn, and lower ethanol sales prices. IMO the current PPS reflects this already, and the improving corn prices and ethanol sales prices should improve PEIX bottom line and the PPS should reflect this sooner rather than later.