Will Ferrellgas Partners (FGP) Disappoint In Q2 Earnings?

By Zacks Investment ResearchStock MarketsMar 05, 2018 09:59PM ET

www.investing.com/analysis/will-ferrellgas-partners-fgp-disappoint-in-q2-earnings-200296178

Will Ferrellgas Partners (FGP) Disappoint In Q2 Earnings?

By Zacks Investment Research | Mar 05, 2018 09:59PM ET

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Ferrellgas Partners, LP (NYSE:FGP) will release second-quarter fiscal 2018 results on Mar 8, before the market opens.

In the last quarter, the partnership reported a negative earnings surprise of 75%. In the trailing four quarters, the company recorded an average negative surprise of 43.58%.

Let’s see how things are shaping up prior to this announcement.

Factors to Consider

In November 2017, the company sold more than 69 million gallons of propane, up from approximately 50 million gallons in the year-ago period, excluding wholesale gallons. Gross margin was almost $50 million, up $8 million from the year-ago quarter.

Fiscal second-quarter results are expected to benefit from higher demand and colder-than-normal temperature during the last two weeks of 2017 that continued into January 2018.

Ferrellgas Partner’s subsidiary, Bridger Logistics, announced the divesture of Bridger Energy, to reduce overall debt level.

Earnings Whispers

Our proven model does not show that Ferrellgas Partners is likely to beat estimates this quarter. That is because a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. But that is not the case here, as you will see below.

Ferrellgas Partners, L.P. Price and EPS Surprise

Ferrellgas Partners, L.P. Price and EPS Surprise | Ferrellgas Partners, L.P. Quote

Zacks ESP: Ferrellgas Partners has an Earnings ESP of 0.00%. This is because the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 61 cents.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Ferrellgas Partners carries a Zacks Rank #4 (Sell).

Note that we caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement.

Peer Releases

Investors can consider other stocks from the same sector that have already released quarterly results.

ConocoPhillips (NYSE:COP) reported fourth-quarter 2017 adjusted earnings of 45 cents per share, in line with the Zacks Consensus Estimate. It sports a Zacks Rank #1.You can see the complete list of today’s Zacks #1 Rank stocks here.

Apache Corporation (NYSE:APA) reported fourth-quarter earnings per share, excluding one-time items, of 33 cents and beat the Zacks Consensus Estimate of 21 cents. It carries a Zacks Rank #3.

Anadarko Petroleum Corporation (NYSE:APC) reported fourth-quarter 2017 earnings of 18 cents per share, beating the Zacks Consensus Estimate of 3 cents. It carries a Zacks Rank #3.

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Ferrellgas Partners, L.P. (FGP): Free Stock Analysis Report

Apache Corporation (APA): Free Stock Analysis Report

Anadarko Petroleum Corporation (APC): Free Stock Analysis Report

ConocoPhillips (COP): Free Stock Analysis Report

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Will Ferrellgas Partners (FGP) Disappoint In Q2 Earnings?

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