Ferrellgas’ Q3 Profit Dips; Shares Down – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/20856/Ferrellgas%27+Q3+Profit+Dips%3B+Shares+Down++-+Zacks+Tale+of+the+TapePosted on Monday, June 8th, 2009 | In Market Commentary, Stocks to Watch
Ferrellgas Partners LP (FGP) reported a drop in year-over-year fiscal third-quarter profit today as revenue declined significantly.
The company’s earnings of 51 cents per share came in 14 cents behind analysts’ expectations. Revenue slipped 21% to $561.1 million.
Shares of Ferrellgas are down by more than 4% today.
The propane distributor now expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of approximately $250 million for the current fiscal year, down from its prior view of $255 million.
The average forecast for the fiscal year ending in July is pegged at 90 cents per share, which is unchanged over the past 2 months.
So far, about 172,000 shares of this Zacks #3 Rank (”Hold”) company, have changed hands, against the daily average volume of 250,167.
“FGP” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- CNP & FPL Ink Pipeline Deal - Analyst Blog - November 20th, 2009
- Buffett Borrows for Rail Acquisition - Analyst Blog - November 20th, 2009
- Stone Energy Outdoes Estimates - Analyst Blog - November 20th, 2009
- Smucker's Beats, Raises Guidance - Analyst Blog - November 20th, 2009
- GameStop Meets Expectations - Analyst Blog - November 20th, 2009
cent;, Ferrellgas Partners L.P., Market Commentary, Stocks to Watch, USD, Zacks Market Commentaries
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.