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CVR Partners (UAN) Q3 Loss Wider than Estimates, Sales Trail
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CVR Partners, LP (UAN - Free Report) makes and markets nitrogen fertilizers including ammonia and urea ammonium nitrate (“UAN”) in the U.S. Its products are used mainly by growers to improve yield and quality of their crops.
CVR Partners remains committed to ramp up its UAN production capacity. The company is upgrading substantially all of the ammonia it makes to higher margin UAN. However, the company remains exposed to headwinds from lower nitrogen fertilizer prices. Its operations are also subject to the risks of production outages. Moreover, intense price competition in the industry also plagues the company.
Let’s have a quick look at the company’s third-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for CVR Partners for the third quarter has been static over the past month. The company has beaten the Zacks Consensus Estimate in 2 of the trailing 4 quarters while missing twice, with an average negative surprise of 89.15%.
CVR Partners’ loss came in at 12 cents per share, wider than the Zacks Consensus Estimate of a loss of 9 cents.
Revenues
CVR Partners reported revenues of $78.5 million, missing the Zacks Consensus Estimate of $82 million.
Key Developments to Note
CVR Partners’ combined facilities produced 200,800 tons of ammonia in the quarter of which 60,300 net tons were available for sale while the rest was upgraded to other fertilizer products, including 317,200 tons of UAN.
Zacks Rank
Currently, CVR Partners has a Zacks Rank #3 (Hold), but that could change following its earnings report which was just released.
Market Reaction
CVR Partners’ shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on CVR Partners’ earnings report!
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CVR Partners (UAN) Q3 Loss Wider than Estimates, Sales Trail
CVR Partners, LP (UAN - Free Report) makes and markets nitrogen fertilizers including ammonia and urea ammonium nitrate (“UAN”) in the U.S. Its products are used mainly by growers to improve yield and quality of their crops.
CVR Partners remains committed to ramp up its UAN production capacity. The company is upgrading substantially all of the ammonia it makes to higher margin UAN. However, the company remains exposed to headwinds from lower nitrogen fertilizer prices. Its operations are also subject to the risks of production outages. Moreover, intense price competition in the industry also plagues the company.
Let’s have a quick look at the company’s third-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for CVR Partners for the third quarter has been static over the past month. The company has beaten the Zacks Consensus Estimate in 2 of the trailing 4 quarters while missing twice, with an average negative surprise of 89.15%.
CVR PARTNERS LP Price and EPS Surprise
CVR PARTNERS LP Price and EPS Surprise | CVR PARTNERS LP Quote
Earnings
CVR Partners’ loss came in at 12 cents per share, wider than the Zacks Consensus Estimate of a loss of 9 cents.
Revenues
CVR Partners reported revenues of $78.5 million, missing the Zacks Consensus Estimate of $82 million.
Key Developments to Note
CVR Partners’ combined facilities produced 200,800 tons of ammonia in the quarter of which 60,300 net tons were available for sale while the rest was upgraded to other fertilizer products, including 317,200 tons of UAN.
Zacks Rank
Currently, CVR Partners has a Zacks Rank #3 (Hold), but that could change following its earnings report which was just released.
Market Reaction
CVR Partners’ shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on CVR Partners’ earnings report!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>