We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Emerge Energy Services (EMES) Q2 Loss Wider Than Expected
Emerge Energy Services LP , an energy services firm, engages mainly in mining, producing and silica sand distribution businesses. Moreover, the partnership has storage terminals and distributes refined motor fuels.
Currently, Emerge Energy has a Zacks Rank #3 (Hold) but that could change following its second quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: The partnership reported loss per unit of 95 cents wider than the Zacks Consensus Estimate of a loss of 93 cents.
Revenue: Revenues of approximately $24.8 million surpassed the Zacks Consensus Estimate of $23 million.
Key Stats: Emerge Energy Services has earlier classified its fuel business as discontinued operations as the partnership is willing to sell the unit. The entire earnings of the partnership are now from the sand segment which incurred adjusted loss from continuing operation of $17.6 million. In the year-ago quarter, the company had generated a profit of $11.6 million.
EMERGE ENRG SVC Price and EPS Surprise
EMERGE ENRG SVC Price and EPS Surprise | EMERGE ENRG SVC Quote
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>