Have you been eager to see how fracking sand player Emerge Energy Services L.P. performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this Southlake, TX-based partnership’s earnings release this morning:
About Emerge Energy Services: It is an energy services firm, engages mainly in mining, producing and silica sand distribution businesses.
Zacks Rank & Surprise History: Currently, Emerge Energy Services has a Zacks Rank #2 (Buy) but that could change following its third quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Coming to earnings surprise history, the partnership has a dismal record: its missed estimates in each of the last four quarters with an average miss of 112.26%.
We have highlighted some of the key details from the just-released announcement below:
A Wider-than-Expected Loss: The partnership reported loss per unit from continuing operations of $1.24, wider than the Zacks Consensus Estimate of a loss of 92 cents.
Revenue Came in Higher than Expected: Revenues of $31.3 million were above the Zacks Consensus Estimate of $28 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 $10.9 million. In the year-ago quarter, the company had generated a profit of $2.1 million.
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Emerge Energy Services (EMES) Q3 Loss Wider Than Expected
Have you been eager to see how fracking sand player Emerge Energy Services L.P. performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this Southlake, TX-based partnership’s earnings release this morning:
About Emerge Energy Services: It is an energy services firm, engages mainly in mining, producing and silica sand distribution businesses.
Zacks Rank & Surprise History: Currently, Emerge Energy Services has a Zacks Rank #2 (Buy) but that could change following its third quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Coming to earnings surprise history, the partnership has a dismal record: its missed estimates in each of the last four quarters with an average miss of 112.26%.
EMERGE ENRG SVC Price and EPS Surprise
EMERGE ENRG SVC Price and EPS Surprise | EMERGE ENRG SVC Quote
We have highlighted some of the key details from the just-released announcement below:
A Wider-than-Expected Loss: The partnership reported loss per unit from continuing operations of $1.24, wider than the Zacks Consensus Estimate of a loss of 92 cents.
Revenue Came in Higher than Expected: Revenues of $31.3 million were above the Zacks Consensus Estimate of $28 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 $10.9 million. In the year-ago quarter, the company had generated a profit of $2.1 million.
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>>