Ferrellgas Partners LP (NYSE:FGP) delivered a profit and beat Wall Street’s expectations, AND 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 increased 115.38% to $0.56 in the quarter versus EPS of $0.26 in the year-earlier quarter.
Revenue: Decreased 4.22% to $603.02 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Ferrellgas Partners LP reported adjusted EPS income of $0.56 per share. By that measure, the company beat the mean analyst estimate of $0.45. It beat the average revenue estimate of $567.57 million.
Quoting Management: President and CEO Steve Wambold pointed out, “We are extremely proud of our operational and financial performance this year as it is indicative of what our operations are capable of producing for investors in a more normal operating environment.” Wambold further remarked, “Our positive momentum has continued into our fiscal fourth quarter. As a result, we are raising our Adjusted EBITDA guidance for fiscal 2013 to a range of $270 million to $275 million, producing a distributable cash flow coverage to equity investors of greater than 1.1x.” Adjusted EBITDA for the trailing 12-months was $264.3 million. Adjusted EBITDA in fiscal 2012 was $193.1 million.”
Key Stats (on next page)…
Revenue decreased 8.48% from $658.87 million in the previous quarter. EPS decreased 23.29% from $0.73 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.39 to a loss $0.37. For the current year, the average estimate has moved up from a profit of $0.58 to a profit of $0.65 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)