Agrium Inc. posted net earnings (attributable to its equity holders) of $557 million or $4.03 per share in the second quarter of 2017, a roughly 1.2% decline from $564 million or $4.08 per share recorded a year ago. The bottom line was affected by weaker nitrogen and phosphate prices, partly offset by higher Retail earnings, strong potash results and reduced fixed costs in the Wholesale business.
Barring one-time items, Agrium’s adjusted earnings came in at $4.09 per share, beating the Zacks Estimate of $4.04 per share.
Revenues decreased 1.5% year over year to $6,319 million in the reported quarter. The top line also topped the Zacks Consensus Estimate of $6,185 million.
Agrium Inc. Price, Consensus and EPS Surprise
Zacks Rank & Key Picks
Agrium currently carries a Zacks Rank #4 (Sell).
BASF has an expected long-term earnings growth of 8.6%.
Chemours has an expected long-term earnings growth of 15.5%.
Kronos Worldwide has an expected long-term earnings growth of 5%.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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