Ferrellgas Partners LP (NYSE:FGP) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Ferrellgas Partners LP Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.36 in the quarter versus EPS of $-0.45 in the year-earlier quarter.
Revenue: Rose 2.61% to $350.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Ferrellgas Partners LP reported adjusted EPS loss of $0.36 per share. By that measure, the company missed the mean analyst estimate of $-0.31. It beat the average revenue estimate of $349.88 million.
Quoting Management: President and CEO Steve Wambold pointed out, “We are proud to deliver these much improved, yet anticipated results to our investors with our fourth quarter performance marking our third record quarter in the last five. While it is too early to provide specific guidance for the new fiscal year, we believe that fiscal 2013 demonstrated the impact that executing our strategy can make in a near-normal weather and commodity price environment. Under similar conditions, we would expect to sustain a similar financial performance. Moreover, we hope that our growth strategy will allow us to build upon these results in the years to come.”
Key Stats (on next page)…