For the quarter ended March 2024, Nutrien (NTR) reported income of $5.39 billion, down 11.8% over the identical interval final 12 months. EPS got here in at $0.46, in comparison with $1.11 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $5.38 billion, representing a shock of +0.25%. The corporate delivered an EPS shock of +27.78%, with the consensus EPS estimate being $0.36.
Whereas buyers scrutinize income and earnings modifications year-over-year and the way they evaluate with Wall Road expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers undertaking a inventory’s value efficiency extra precisely.
Right here is how Nutrien carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Tonnes Bought – Potash – Whole: 3,413 KTon versus 2,876.63 KTon estimated by 5 analysts on common.
- Tonnes Bought – Nitrogen: 2,507 KTon versus 2,515.38 KTon estimated by 5 analysts on common.
- Common Promoting Value per Tonne – Phosphate – Industrial and feed: 848 $/Ton in comparison with the 914.22 $/Ton common estimate primarily based on 5 analysts.
- Common Promoting Value per Tonne – Phosphate – Whole: 689 $/Ton in comparison with the 603.56 $/Ton common estimate primarily based on 5 analysts.
- Gross sales- Retail Whole: $3.31 billion versus the six-analyst common estimate of $3.37 billion. The reported quantity represents a year-over-year change of -3.3%.
- Gross sales- Potash: $927 million in comparison with the $839.98 million common estimate primarily based on 5 analysts. The reported quantity represents a change of -13.9% 12 months over 12 months.
- Gross sales- Retail (Nutrient Ag Options)- Crop vitamins: $1.31 billion in comparison with the $1.28 billion common estimate primarily based on 5 analysts. The reported quantity represents a change of -2% 12 months over 12 months.
- Web Gross sales- Eliminations: -$318 million versus -$426.92 million estimated by 5 analysts on common. In comparison with the year-ago quarter, this quantity represents a -7% change.
- Gross sales- Phosphate: $499 million versus $521.30 million estimated by 5 analysts on common. In comparison with the year-ago quarter, this quantity represents a -12.8% change.
- Gross sales- Retail (Nutrient Ag Options)- Crop safety merchandise: $1.11 billion versus the five-analyst common estimate of $1.15 billion. The reported quantity represents a year-over-year change of -3.5%.
- Gross sales- Nitrogen: $1.03 billion versus the five-analyst common estimate of $1.18 billion. The reported quantity represents a year-over-year change of -27.5%.
- Web Gross sales- Potash: $813 million versus $744.53 million estimated by 5 analysts on common. In comparison with the year-ago quarter, this quantity represents a -18.9% change.
View all Key Company Metrics for Nutrien here>>>
Shares of Nutrien have returned -1.7% over the previous month versus the Zacks S&P 500 composite’s -0.2% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it might carry out in keeping with the broader market within the close to time period.
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Nutrien Ltd. (NTR) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
