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What's Ahead for Ferrellgas Partners (FGP) in Q1 Earnings?
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Ferrellgas Partners, LP will release fiscal first-quarter 2017 financial results, before the market opens on Dec 9.
Last quarter, the partnership posted a negative earnings surprise of 457.8%. In the trailing four quarters, the partnership has recorded an average negative surprise of 215.6%. Let’s see how things are shaping up for this announcement.
Factors to Consider
Ferrellgas Partners’ midstream business is expected to face challenging conditions ahead due to the loss of its largest customer.
The partnership had missed the Zacks Consensus Estimate in the last four quarters due to a persistently tough market scenario. Going ahead, the situation is projected to continue, thereby having an adverse impact on the partnership’s performance.
In addition, above-average temperatures in the U.S. between August and October will have a negative impact on customer demand for propane, which will in turn hurt Ferrellgas Partners.
Although the partnership recently underwent a change in the top management level, the move is unlikely to help it return to profitability in the first quarter of fiscal 2017.
Earnings Whispers
Our proven model does not conclusively show that Ferrellgas Partners is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. However, that is not the case here as you will see below.
Zacks ESP: Ferrellgas Partners has an Earnings ESP of -34.80%. This is because the Most Accurate estimate stands at a loss of 62 cents, while the Zacks Consensus Estimate loss of 46 cents.
Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement.
Price Movement
Over the last one year, Ferrellgas Partners, LP has underperformed the Zacks categorized Oil Refining and Marketing MLP industry. During this period, the partnership’s units lost 65.9%, compared with the industry’s return of 5.9%.
Ferrellgas Partners’ units fell significantly during the fourth quarter of fiscal 2016 after the partnership reported a much wider-than-expected loss. It has been facing challenging times of late due to the loss of its largest customer as well as general market conditions.
Upcoming Releases
Here are few stocks in the same space which have the right combination to report an earnings surprise in their next earnings release.
Global Partners LP (GLP - Free Report) has a Zacks Rank #3 and an Earnings ESP of 50.00%.
Sunoco LP (SUN - Free Report) has a Zacks Rank #3 and an Earnings ESP of 4.55%.
Western Gas Equity Partners, LP has a Zacks Rank #3 and an Earnings ESP of 11.43%.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
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What's Ahead for Ferrellgas Partners (FGP) in Q1 Earnings?
Ferrellgas Partners, LP will release fiscal first-quarter 2017 financial results, before the market opens on Dec 9.
Last quarter, the partnership posted a negative earnings surprise of 457.8%. In the trailing four quarters, the partnership has recorded an average negative surprise of 215.6%. Let’s see how things are shaping up for this announcement.
Factors to Consider
Ferrellgas Partners’ midstream business is expected to face challenging conditions ahead due to the loss of its largest customer.
The partnership had missed the Zacks Consensus Estimate in the last four quarters due to a persistently tough market scenario. Going ahead, the situation is projected to continue, thereby having an adverse impact on the partnership’s performance.
In addition, above-average temperatures in the U.S. between August and October will have a negative impact on customer demand for propane, which will in turn hurt Ferrellgas Partners.
Although the partnership recently underwent a change in the top management level, the move is unlikely to help it return to profitability in the first quarter of fiscal 2017.
Earnings Whispers
Our proven model does not conclusively show that Ferrellgas Partners is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. However, that is not the case here as you will see below.
Zacks ESP: Ferrellgas Partners has an Earnings ESP of -34.80%. This is because the Most Accurate estimate stands at a loss of 62 cents, while the Zacks Consensus Estimate loss of 46 cents.
Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Zacks Rank: Ferrellgas Partners carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Ferrellgas Partners’ Zacks Rank #3, when combined with a negative ESP, makes surprise prediction uncertain this season.
FERRELLGAS -LP Price and EPS Surprise
FERRELLGAS -LP Price and EPS Surprise | FERRELLGAS -LP Quote
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement.
Price Movement
Over the last one year, Ferrellgas Partners, LP has underperformed the Zacks categorized Oil Refining and Marketing MLP industry. During this period, the partnership’s units lost 65.9%, compared with the industry’s return of 5.9%.
Ferrellgas Partners’ units fell significantly during the fourth quarter of fiscal 2016 after the partnership reported a much wider-than-expected loss. It has been facing challenging times of late due to the loss of its largest customer as well as general market conditions.
Upcoming Releases
Here are few stocks in the same space which have the right combination to report an earnings surprise in their next earnings release.
Global Partners LP (GLP - Free Report) has a Zacks Rank #3 and an Earnings ESP of 50.00%.
Sunoco LP (SUN - Free Report) has a Zacks Rank #3 and an Earnings ESP of 4.55%.
Western Gas Equity Partners, LP has a Zacks Rank #3 and an Earnings ESP of 11.43%.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>