UGI (UGI) got here out with quarterly earnings of $1.97 per share, beating the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.68 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 19.39%. 1 / 4 in the past, it was anticipated that this pure fuel and electrical utilities operator. Would publish earnings of $1.12 per share when it really produced earnings of $1.20, delivering a shock of seven.14%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
UGI
The sustainability of the inventory’s speedy worth motion based mostly on the recently-released numbers and future earnings expectations will largely rely on administration’s commentary on the earnings name.
UGI shares have added about 3.9% for the reason that starting of the 12 months versus the S&P 500’s acquire of 5.6%.
What’s Subsequent for UGI?
Whereas UGI has underperformed the market to date this 12 months, the query that involves buyers’ 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 buyers handle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and developments 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 ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for UGI: combined. Whereas the magnitude and course of estimate revisions may 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 keeping with the market within the close to future. You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks 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 $0.14 on $1.67 billion in revenues for the approaching quarter and $2.90 on $8.66 billion in revenues for the present fiscal 12 months.
Traders ought 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. By way of the Zacks Business Rank, Utility – Gasoline Distribution is presently within the high 28% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One different inventory from the identical business, ONE Gasoline (OGS), is but to report outcomes for the quarter ended March 2024. The outcomes are anticipated to be launched on Might 6.
This pure fuel distribution is predicted to publish quarterly earnings of $1.78 per share in its upcoming report, which represents a year-over-year change of -3.3%. The consensus EPS estimate for the quarter has been revised 13.9% decrease over the past 30 days to the present degree.
ONE Gasoline’ revenues are anticipated to be $1.01 billion, down 2.1% from the year-ago quarter.
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UGI Corporation (UGI) : Free Stock Analysis Report
ONE Gas, Inc. (OGS) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
