HPT vs. HCP: Which Stock Should Value Investors Buy Now?
An Earnings Miss: Fracking sand player Emerge Energy Services L.P. EMES reported earnings per of 5 cents, lower than the Zacks Consensus Estimate 6 cents.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last 30 days.
Coming to earnings surprise history, the partnership has a bad record: its underperformed estimates in three of the last four quarters, as shown in the chart below:
Emerge Energy Services LP Price and EPS Surprise
Emerge Energy Services LP Price and EPS Surprise | Emerge Energy Services LP Quote
Revenue Came in Higher than Expected: Revenues of $106.8 million were above the Zacks Consensus Estimate of $103.5 million.
Key Stats: Emerge Energy Services earnings come from its sand operations, which recorded adjusted EBITDA of $17.4 million. In the year-ago quarter, the company had generated a profit of $68,000.
Total sand volumes sold jumped by 20.1% year-over-year to 1,503,000 tons.
The partnership further stated that it will not pay a first-quarter distribution after generating insufficient cash during the period to do so.
Zacks Rank:Currently, Emerge Energy Services carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
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
Emerge Energy Services LP (EMES) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research