PetroLogistics Earnings: Here’s Why Investors Don’t Like These Results

PetroLogistics LP (NYSE:PDH) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0%.

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PetroLogistics LP Earnings Cheat Sheet

Results:

Revenue: Decreased 11.07% to $208.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.67 per share. By that measure, the company missed the mean analyst estimate of $0.68. It missed the average revenue estimate of $219.59 million.

Quoting Management: “Results for the first quarter represented a significant improvement from the challenging conditions experienced during most of the second half of last year,” said Nathan Ticatch, President and Chief Executive Officer. “Propylene prices were strong, and we continued to enjoy attractive propane feedstock costs leading to record profitability.”

Key Stats (on next page)…

Revenue increased 25.62% from $166.13 million in the previous quarter. EPS increased 157.69% from $0.26 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.41 to a profit $0.4. For the current year, the average estimate has moved up from a profit of $1.52 to a profit of $1.63 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)