UGI (UGI) got here out with a quarterly lack of $0.14 per share versus the Zacks Consensus Estimate
UGI (UGI) got here out with a quarterly lack of $0.14 per share versus the Zacks Consensus Estimate of a lack of $0.33. This compares to lack of $0.37 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 57.58%. 1 / 4 in the past, it was anticipated that this pure fuel and electrical utilities operator. Would publish a lack of $0.15 per share when it really produced earnings of $0.08, delivering a shock of 153.33%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 instances.
UGI, which belongs to the Zacks Utility – Fuel Distribution trade, posted revenues of $1.12 billion for the quarter ended September 2020, lacking the Zacks Consensus Estimate by 10.02%. This compares to year-ago revenues of $1.15 billion. The corporate has not been capable of beat consensus income estimates over the past 4 quarters.
The sustainability of the inventory’s quick worth motion primarily based on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
UGI shares have misplaced about 19.7% for the reason that starting of the yr versus the S&P 500’s achieve of 11.7%.
What’s Subsequent for UGI?
Whereas UGI has underperformed the market up to now this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and developments in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested ranking software just like the Zacks Rank, which has a powerful monitor report of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions pattern for UGI was combined. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in step with the market within the close to future. You’ll be able to see the entire checklist of at present’s Zacks #1 Rank (Robust Purchase) shares right here.
Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $1.21 on $2.15 billion in revenues for the approaching quarter and $2.86 on $7.44 billion in revenues for the present fiscal yr.
Buyers needs to be aware of the truth that the outlook for the trade can have a fabric impression on the efficiency of the inventory as nicely. By way of the Zacks Business Rank, Utility – Fuel Distribution is at the moment within the backside 10% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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UGI Company (UGI): Free Inventory Evaluation Report
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