Suburban Propane Partners Earnings: Here’s Why the Stock is Down Now

Suburban Propane Partners LP (NYSE:SPH) had a loss 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 0.21%.

Suburban Propane Partners LP Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.77 in the quarter versus EPS of $-0.26 in the year-earlier quarter.

Revenue: Rose 61.92% to $290.81 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Suburban Propane Partners LP reported adjusted EPS loss of $0.77 per share. By that measure, the company missed the mean analyst estimate of $-0.57. It missed the average revenue estimate of $314.99 million.

Quoting Management: In announcing these results, President and Chief Executive Officer Michael J. Dunn, Jr., said, “The third quarter benefitted from the presence of colder than normal average temperatures that began toward the end of the second quarter of fiscal 2013 and lasted through April. Our combined operations continue to perform very well; responding when the weather arrived and providing our customer base with the level of customer service and comfort that they have come to expect from us.”

Key Stats (on next page)…

Revenue decreased 57.13% from $678.43 million in the previous quarter. EPS decreased to $-0.77 in the quarter versus EPS of $2.33 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 $0.84 to a loss $0.82. For the current year, the average estimate has moved down from a profit of $2.12 to a profit of $2.04 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)