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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 acquisitions and its cost cutting initiatives. However, the company is facing challenges from a weak pricing environment.
Let’s have a quick look at this fertilizer company’s first-quarter release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Mosaic for the first quarter has seen a downtrend over the past month. Mosaic has beaten the Zacks Consensus Estimate in 2 of the trailing 4 quarters while missed once and reported in line on the other occasion, delivering an average positive surprise of 62.50%.
Earnings
Mosaic’s adjusted earnings were 4 cents per share for the quarter, missing the Zacks Consensus Estimate of 19 cents.
Mosaic recorded net sales of $1,578.1 million, down roughly 5.7% year over year. That also missed the Zacks Consensus Estimate of $1,672 million.
Key Stats/Developments to Note
Mosaic expects phosphates sales volumes in the band of 2.3 million to 2.6 million tons for the second quarter of 2017 versus 2.4 million tons for the same quarter in 2016. Potash sales volumes have been forecast in the range of 2 million to 2.3 million tons for the second quarter, compared with 2 million tons in the prior year quarter. Total sales volumes for the International Distribution unit are expected to be in the band of 1.4 to 1.7 million tons for the second quarter, compared with 1.4 million tons for the same quarter in 2016.
Zacks Rank
Mosaic currently has a Zacks Rank #3 (Hold), but that could change following its earnings report which was just released.
Market Reaction
Mosaic’s shares were down 1.9% in the pre-market trading 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 Mosaic’s earnings report!
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Mosaic (MOS) Misses Q1 Earnings & Sales 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 acquisitions and its cost cutting initiatives. However, the company is facing challenges from a weak pricing environment.
Let’s have a quick look at this fertilizer company’s first-quarter release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Mosaic for the first quarter has seen a downtrend over the past month. Mosaic has beaten the Zacks Consensus Estimate in 2 of the trailing 4 quarters while missed once and reported in line on the other occasion, delivering an average positive surprise of 62.50%.
Earnings
Mosaic’s adjusted earnings were 4 cents per share for the quarter, missing the Zacks Consensus Estimate of 19 cents.
Mosaic Company (The) Price and EPS Surprise
Mosaic Company (The) Price and EPS Surprise | Mosaic Company (The) Quote
Revenues
Mosaic recorded net sales of $1,578.1 million, down roughly 5.7% year over year. That also missed the Zacks Consensus Estimate of $1,672 million.
Key Stats/Developments to Note
Mosaic expects phosphates sales volumes in the band of 2.3 million to 2.6 million tons for the second quarter of 2017 versus 2.4 million tons for the same quarter in 2016. Potash sales volumes have been forecast in the range of 2 million to 2.3 million tons for the second quarter, compared with 2 million tons in the prior year quarter. Total sales volumes for the International Distribution unit are expected to be in the band of 1.4 to 1.7 million tons for the second quarter, compared with 1.4 million tons for the same quarter in 2016.
Zacks Rank
Mosaic currently has a Zacks Rank #3 (Hold), but that could change following its earnings report which was just released.
Market Reaction
Mosaic’s shares were down 1.9% in the pre-market trading 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 Mosaic’s earnings report!
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. See today's Zacks "Strong Sells" absolutely free >>