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CVR Partners (UAN) Posts Narrower than Expected Loss in Q2
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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. However, the company remains exposed to headwinds from weak nitrogen fertilizer prices.
Let’s have a quick look at the company’s second-quarter 2017 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for CVR Partners for the second quarter has been static over the last month. The company has missed the Zacks Consensus Estimate in all of the trailing four quarters.
Earnings
CVR Partners posted loss per share of 3 cents for the quarter, narrower than the Zacks Consensus Estimate of a loss of 4 cents per share.
CVR Partners reported net sales of $97.9 million, down 18.3% year-over-year from net sales of $119.8 million.
Key Developments to Note
CVR Partners produced 215,300 tons of ammonia in the quarter of which 77,500 net tons were available for sale while the rest was upgraded to other fertilizers including 313,800 tons of UAN.
Zacks Rank
Currently, CVR Partners has a Zacks Rank #3 (Hold), but that could change following the company’s 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) Posts Narrower than Expected Loss in Q2
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. However, the company remains exposed to headwinds from weak nitrogen fertilizer prices.
Let’s have a quick look at the company’s second-quarter 2017 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for CVR Partners for the second quarter has been static over the last month. The company has missed the Zacks Consensus Estimate in all of the trailing four quarters.
Earnings
CVR Partners posted loss per share of 3 cents for the quarter, narrower than the Zacks Consensus Estimate of a loss of 4 cents per share.
CVR Partners, LP Price and EPS Surprise
CVR Partners, LP Price and EPS Surprise | CVR Partners, LP Quote
Revenues
CVR Partners reported net sales of $97.9 million, down 18.3% year-over-year from net sales of $119.8 million.
Key Developments to Note
CVR Partners produced 215,300 tons of ammonia in the quarter of which 77,500 net tons were available for sale while the rest was upgraded to other fertilizers including 313,800 tons of UAN.
Zacks Rank
Currently, CVR Partners has a Zacks Rank #3 (Hold), but that could change following the company’s 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!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>