Nutrien (NTR) got here out with quarterly earnings of $0.31 per share, lacking the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.37 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -6.06%. 1 / 4 in the past, it was anticipated that this producer of potash and different fertilizers would put up earnings of $0.44 per share when it truly produced earnings of $0.39, delivering a shock of -11.36%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two instances.
Nutrien
The sustainability of the inventory’s fast value motion primarily based on the recently-released numbers and future earnings expectations will largely rely on administration’s commentary on the earnings name.
Nutrien shares have added about 15.4% for the reason that starting of the 12 months versus the S&P 500’s acquire of 4.2%.
What’s Subsequent for Nutrien?
Whereas Nutrien has outperformed the market thus far 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 deal with 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 currently.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and traits in earnings estimate revisions. Buyers 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 report of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Nutrien: blended. Whereas the magnitude and route 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 consistent with the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.42 on $5.27 billion in revenues for the approaching quarter and $3.74 on $26.86 billion in revenues for the present fiscal 12 months.
Buyers must be conscious of the truth that the outlook for the business can have a cloth impression on the efficiency of the inventory as properly. When it comes to the Zacks Business Rank, Fertilizers is presently within the prime 16% 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.
Mosaic (MOS), one other inventory in the identical business, has but to report outcomes for the quarter ended December 2024. The outcomes are anticipated to be launched on February 27.
This fertilizer maker is predicted to put up quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of -25.4%. The consensus EPS estimate for the quarter has been revised 13.2% greater during the last 30 days to the present stage.
Mosaic’s revenues are anticipated to be $2.93 billion, down 7% from the year-ago quarter.
Ought to You Spend money on Nutrien Ltd. (NTR)?
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Zacks Funding Analysis has been dedicated to offering buyers with instruments and impartial analysis since 1978. For greater than 1 / 4 century, the Zacks Rank stock-rating system has greater than doubled the S&P 500 with a median acquire of +24.08% per 12 months. (These returns cowl a interval from January 1, 1988 by way of Might 6, 2024.)
Nutrien Ltd. (NTR) : Free Stock Analysis Report
The Mosaic Company (MOS) : 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.
