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CVR Partners: 4Q15 Earnings Beat Analysts’ Estimates

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4Q15 earnings

CVR Partners (UAN) reported its 4Q15 earnings on February 18, 2016. It reported an EPS (earnings per share) of $0.27. This beat analysts’ estimate of $0.23 per share. It was a 17.7% surprise. However, the EPS declined by 20.3% YoY (year-over-year) from $0.34 in the same quarter last year.

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Industry-wide weakness

CVR Partners, like most other agricultural fertilizer stocks, took a beating YTD (year-to-date). As of February 19, the stock was trading at $6.5. It has a negative YTD return of -18.8%. CF Industries Holdings (CF) returned -19%, Potash Corporation (POT) returned -6.4%, and The Mosaic Company (MOS) returned -11.6%. The iShares Commodities Select Strategy ETF (COMT) is also in negative territory. It had a YTD return of -4.3%.

Series overview

In this series, we’ll look at some of the key metrics for CVR Partners. We’ll also see what drove its EPS during the quarter. We’ll look at notes from analysts’ Q&A. This will give us a peek into issues and concerns that weren’t fully addressed by management during the earnings call.

We’ll also look at market updates for the coming quarters. We’ll wrap up this series with analysts’ ratings and price target for CVR Partners. In the next part of this series, let’s look at the company’s revenue.

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