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UGI (UGI) got here out with quarterly earnings of $0.93 per share, lacking the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.18 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -24.39%. 1 / 4 in the past, it was anticipated that this pure fuel and electrical utilities operator. Would publish a lack of $0.26 per share when it really produced a lack of $0.34, delivering a shock of -30.77%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two instances.
The sustainability of the inventory’s speedy value 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 0.2% because the starting of the 12 months versus the S&P 500’s decline of -4.6%.
What’s Subsequent for UGI?
Whereas UGI has outperformed the market thus far this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist traders deal with that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified recently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and traits in earnings estimate revisions. Traders 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 file of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for UGI: unfavorable. Whereas the magnitude and path of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #4 (Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You’ll be able to see the whole checklist of right this moment’s Zacks #1 Rank (Sturdy Purchase) shares right here.
It is going to be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $1.95 on $2.79 billion in revenues for the approaching quarter and $3.25 on $8.03 billion in revenues for the present fiscal 12 months.
Traders needs to be aware of the truth that the outlook for the business can have a cloth influence on the efficiency of the inventory as effectively. When it comes to the Zacks Trade Rank, Utility – Fuel Distribution is at the moment within the backside 38% 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.
Oneok Inc. (OKE), one other inventory in the identical business, has but to report outcomes for the quarter ended December 2021. The outcomes are anticipated to be launched on February 28.
This pure fuel firm is anticipated to publish quarterly earnings of $0.87 per share in its upcoming report, which represents a year-over-year change of +26.1%. The consensus EPS estimate for the quarter has been revised 4.4% decrease over the past 30 days to the present stage.
Oneok Inc.’s revenues are anticipated to be $6.49 billion, up 152.5% from the year-ago quarter.
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UGI Company (UGI): Free Inventory Evaluation Report
ONEOK, Inc. (OKE): Free Inventory Evaluation Report
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