Overland Park, KS-based Ferrellgas Partners LP (FGP) is a master limited partnership (MLP) and a leading distributor of propane and related equipment in the U.S. Ferrellgas Inc. is the general partner and Ferrellgas L.P. is the operating partner of Ferrellgas Partners L.P. Ferrellgas Partners’ distribution business transports propane purchased from third parties to propane distribution locations, to tanks at customer premises or to portable propane tanks nationwide and to local retailers. Acquisitions have acted as a catalyst for Ferrellgas Partners’ performance for more than 72 years. With the completion of roughly 250 acquisitions to date, the partnership has grown from a single-location and independently owned propane retailer to a publicly traded organization. Estimate Trend & Surprise History Investors should also note the recent earnings estimate revisions for Ferrellgas Partners, as the consensus estimate for current quarter earnings has moved slightly higher over the past two months. Coming to the earnings surprise, FGP’s activity in the last four earnings reports has been quite negative. The stock has missed estimates in all the last four quarters, making for an average negative surprise of 51.48%. The company currently has a Zacks Rank #3 (Hold). Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement: Earnings: Ferrellgas Partners missed the earnings in the second quarter fiscal 2015. Our consensus called for second-quarter EPU of $1.10, and the company reported EPU of $1.02. Revenue: The company also lagged the revenue estimates in the second quarter. Ferrellgas Partners posted revenues of nearly $666 million compared to our consensus estimate of $819 million. Key Stats to Note: In the reported quarter, total propane sales volume dropped 13.3% year over year to 297.3 million gallons primarily due to lower retails sales affected by warmer weather. Stock Price: It would be interesting to see how the market reacts to the fiscal second quarter earnings miss during the trading session today. Check back later for our full write up on this Ferrellgas Partners earnings report! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FERRELLGAS -LP (FGP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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