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) Q1 Earnings Miss, Sales Top
An Earnings Miss: Fracking sand player Emerge Energy Services L.P. reported earnings per of 5 cents, lower than the Zacks Consensus Estimate 6 cents.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last 30 days.
Coming to earnings surprise history, the partnership has a bad record: its underperformed estimates in three of the last four quarters, as shown in the chart below:
Emerge Energy Services LP Price and EPS Surprise
Emerge Energy Services LP Price and EPS Surprise | Emerge Energy Services LP Quote
Revenue Came in Higher than Expected: Revenues of $106.8 million were above the Zacks Consensus Estimate of $103.5 million.
Key Stats: Emerge Energy Services earnings come from its sand operations, which recorded adjusted EBITDA of $17.4 million. In the year-ago quarter, the company had generated a profit of $68,000.
Total sand volumes sold jumped by 20.1% year-over-year to 1,503,000 tons.
The partnership further stated that it will not pay a first-quarter distribution after generating insufficient cash during the period to do so.
Zacks Rank:Currently, Emerge Energy Services carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>