Ferrellgas Partners Q3 Earnings Preview

Ferrellgas Partners FGP releases its next round of earnings Thursday.

Earnings and Revenue

Ferrellgas Partners earnings will be near 24 cents per share on sales of $612 million, according to analysts.

Ferrellgas Partners reported earnings of 7 cents per share when it published results during the same quarter last year. Sales in that period totaled $538.1 million. If the company were to post earnings inline with the consensus estimate when it reports Thursday, EPS would be up 242.86 percent. Sales would be up 13.75 percent on a year-over-year basis. Here's how the Ferrellgas Partners's reported EPS has stacked up against analyst estimates in the past:

Stock Performance

Over the last 52-week period, shares are down 28.97 percent. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on Ferrellgas Partners stock is a Sell. The strength of this rating has maintained conviction over the past 90 days.