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Mosaic's (MOS) Q3 Earnings and Sales Beat Estimates
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The Mosaic Company (MOS - Free Report) is a leading producer and marketer of concentrated phosphate and potash for the global agriculture industry. It is the largest producer of finished phosphate products globally.
Mosaic remains committed to expand its annual potash production capacity. The company is expected to gain from its acquisitions as well as improving global demand for the rest of 2016. However, the company is facing challenges from a weak pricing environment.
Let’s have a quick look at this fertilizer company’s third-quarter release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Mosaic for the third quarter has been static over the past month. Mosaic has beaten the Zacks Consensus Estimate in 2 of the trailing 4 quarters, while missing in one, with an average negative surprise of 6.75%.
Earnings
Mosaic’s adjusted earnings were 33 cents per share for the quarter, beating the Zacks Consensus Estimate of 11 cents.
Revenues
Mosaic recorded net sales of $1,952.2 million, down roughly 7.3% year over year. That beat the Zacks Consensus Estimate of $1,892 million.
Key Stats/Developments to Note
Mosaic expects phosphates sales volumes in the band of 2.1 million to 2.4 million tons for the fourth quarter of 2016 versus 2.2 million tons for the same quarter in 2015. Potash sales volumes have been forecast in the range of 1.9 million to 2.1 million tons for the fourth quarter, compared with 1.9 million tons in the prior year quarter. Total sales volumes for the International Distribution segment are expected to range from 1.7 to 1.9 million tons for the fourth quarter.
Mosaic’s shares did not show any movement in pre-market trading. 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 Mosaic’s earnings report!
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Mosaic's (MOS) Q3 Earnings and Sales Beat Estimates
The Mosaic Company (MOS - Free Report) is a leading producer and marketer of concentrated phosphate and potash for the global agriculture industry. It is the largest producer of finished phosphate products globally.
Mosaic remains committed to expand its annual potash production capacity. The company is expected to gain from its acquisitions as well as improving global demand for the rest of 2016. However, the company is facing challenges from a weak pricing environment.
Let’s have a quick look at this fertilizer company’s third-quarter release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Mosaic for the third quarter has been static over the past month. Mosaic has beaten the Zacks Consensus Estimate in 2 of the trailing 4 quarters, while missing in one, with an average negative surprise of 6.75%.
Earnings
Mosaic’s adjusted earnings were 33 cents per share for the quarter, beating the Zacks Consensus Estimate of 11 cents.
Revenues
Mosaic recorded net sales of $1,952.2 million, down roughly 7.3% year over year. That beat the Zacks Consensus Estimate of $1,892 million.
Key Stats/Developments to Note
Mosaic expects phosphates sales volumes in the band of 2.1 million to 2.4 million tons for the fourth quarter of 2016 versus 2.2 million tons for the same quarter in 2015. Potash sales volumes have been forecast in the range of 1.9 million to 2.1 million tons for the fourth quarter, compared with 1.9 million tons in the prior year quarter. Total sales volumes for the International Distribution segment are expected to range from 1.7 to 1.9 million tons for the fourth quarter.
MOSAIC CO/THE Price and EPS Surprise
MOSAIC CO/THE Price and EPS Surprise | MOSAIC CO/THE Quote
Zacks Rank
Mosaic currently has a Zacks Rank #3 (Hold).
Market Reaction
Mosaic’s shares did not show any movement in pre-market trading. 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 Mosaic’s earnings report!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>