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CVR Partners (UAN) Tops Q4 Earnings and Revenues Estimates - Tale of the Tape

CVR Partners, LP ( UAN ) makes and markets nitrogen fertilizers including ammonia and urea ammonium nitrate ("UAN") in the U.S. Its products are used mainly by growers to improve yield and quality of their crops.

CVR Partners remains committed to ramp up its UAN production capacity. The company is upgrading substantially all of the ammonia it makes to higher margin UAN. It also benefits from transportation cost advantage given the close proximity of its production facility to the U.S. Corn Belt.

Let's have a quick look at the company's fourth-quarter release.

Estimate Trend & Surprise History

Investors should note that the earnings estimate for CVR Partners for the fourth quarter has witnessed an upward trend over the past month while remaining static over the last week. The company has beaten the Zacks Consensus Estimate in only 1 of the trailing 4 quarters while missing in other 3 occasions with an average negative surprise of 13.62%.

Earnings

CVR Partners delivered adjusted earnings of 34 cents per share. Earnings beat the Zacks Consensus Estimate of 22 cents per share by a wide margin.

Revenues

CVR Partners reported revenues of $74.4 million. That beat the Zacks Consensus Estimate of $70 million.

Key Developments to Note

CVR Partners produced 105,900 tons of ammonia and 259,600 tons of urea ammonium nitrate (UAN) in the fourthquarter of 2014.

Zacks Rank

Currently, CVR Partners has a Zacks Rank #3 (Hold), but that could change following its earnings report which was just released.

Market Reaction

CVR Partners' shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.

Check back later for our full write up on CVR Partners' earnings report!

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CVR PARTNERS LP (UAN): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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