The Mosaic Company (MOS - Free Report) announced sales volume and revenues for May 2022 by business unit.
The Potash segment recorded a sales volume of 744,000 tons in May, down 16.5% from 891,000 tons in the year-ago period. Revenues amounted to $539 million, up around 119.1% from $246 million in the prior-year period.
The Mosaic Fertilizantes segment’s sales volume dropped 1% to 782,000 tons from 790,000 tons last year. Revenues surged around 133.9% to $786 million from $336 million recorded last year.
The Phosphates segment recorded a sales volume of 462,000 tons, down around 16.5% from 553,000 tons a year ago. Revenues in the segment were $502 million, up around 53.5% from $327 million a year ago.
Shares of Mosaic have soared 60.2% in the past year compared with a 46.2% surge of the industry.
In its last earnings call, the company stated that it expects higher annual production across its global platform in potash and phosphates. The upside can be attributed to the completed ramp-up of Esterhazy K3, a higher run-rate at Colonsay and recovery of phosphate output from its North American operations. The company forecasts total capital expenditures of $1.3 billion for full-year 2022.
Mosaic expects Phosphate segment sales volumes of 1.9-2.1 million tons and Potash sales volumes of 2.4-2.6 million tons for the second quarter.
Zacks Rank & Key Picks
Mosaic currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Allegheny Technologies Inc. (ATI - Free Report) , Cabot Corporation (CBT - Free Report) and Nutrien Ltd. (NTR - Free Report) .
Allegheny has a projected earnings growth rate of 1,030.8% for the current year. The Zacks Consensus Estimate for ATI's current-year earnings has been revised 40% upward in the past 60 days.
Allegheny’s earnings beat the Zacks Consensus Estimate in the last four quarters. It has a trailing four-quarter earnings surprise of roughly 128.9%, on average. ATI has gained around 1% in a year and currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Cabot, currently sporting a Zacks Rank #1, has an expected earnings growth rate of 22.5% for the current year. The Zacks Consensus Estimate for CBT's earnings for the current year has been revised 6% upward in the past 60 days.
Cabot’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average being 16.2%. CBT has gained around 9.1% over a year.
Nutrien has a projected earnings growth rate of 174.6% for the current year. The Zacks Consensus Estimate for NTR’s current-year earnings has been revised 30.7% upward in the past 60 days.
Nutrien’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average being 5.8%. NTR has gained 41.7% in a year. The company flaunts a Zacks Rank #1.
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The Mosaic Company (MOS - Free Report) announced sales volume and revenues for May 2022 by business unit.
The Potash segment recorded a sales volume of 744,000 tons in May, down 16.5% from 891,000 tons in the year-ago period. Revenues amounted to $539 million, up around 119.1% from $246 million in the prior-year period.
The Mosaic Fertilizantes segment’s sales volume dropped 1% to 782,000 tons from 790,000 tons last year. Revenues surged around 133.9% to $786 million from $336 million recorded last year.
The Phosphates segment recorded a sales volume of 462,000 tons, down around 16.5% from 553,000 tons a year ago. Revenues in the segment were $502 million, up around 53.5% from $327 million a year ago.
Shares of Mosaic have soared 60.2% in the past year compared with a 46.2% surge of the industry.
In its last earnings call, the company stated that it expects higher annual production across its global platform in potash and phosphates. The upside can be attributed to the completed ramp-up of Esterhazy K3, a higher run-rate at Colonsay and recovery of phosphate output from its North American operations. The company forecasts total capital expenditures of $1.3 billion for full-year 2022.
Mosaic expects Phosphate segment sales volumes of 1.9-2.1 million tons and Potash sales volumes of 2.4-2.6 million tons for the second quarter.
Zacks Rank & Key Picks
Mosaic currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Allegheny Technologies Inc. (ATI - Free Report) , Cabot Corporation (CBT - Free Report) and Nutrien Ltd. (NTR - Free Report) .
Allegheny has a projected earnings growth rate of 1,030.8% for the current year. The Zacks Consensus Estimate for ATI's current-year earnings has been revised 40% upward in the past 60 days.
Allegheny’s earnings beat the Zacks Consensus Estimate in the last four quarters. It has a trailing four-quarter earnings surprise of roughly 128.9%, on average. ATI has gained around 1% in a year and currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Cabot, currently sporting a Zacks Rank #1, has an expected earnings growth rate of 22.5% for the current year. The Zacks Consensus Estimate for CBT's earnings for the current year has been revised 6% upward in the past 60 days.
Cabot’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average being 16.2%. CBT has gained around 9.1% over a year.
Nutrien has a projected earnings growth rate of 174.6% for the current year. The Zacks Consensus Estimate for NTR’s current-year earnings has been revised 30.7% upward in the past 60 days.
Nutrien’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average being 5.8%. NTR has gained 41.7% in a year. The company flaunts a Zacks Rank #1.
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Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
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