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 third-quarter release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Mosaic for the third quarter has remained stable over the past month. Mosaic has beaten the Zacks Consensus Estimate in three of the trailing four quarters while missing on one, delivering an average positive surprise of 63.4%.
Earnings
Mosaic’s adjusted earnings were 43 cents per share for the third quarter, beating the Zacks Consensus Estimate of 25 cents.
Mosaic Company (The) Price and EPS Surprise
Revenues
Mosaic recorded net sales of $1,984.8 million, up roughly 1.7% year over year. The figure also beat the Zacks Consensus Estimate of $1,961 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 fourth quarter of 2017 versus 2.5 million tons for the same quarter in 2016. Potash sales volumes have been forecast in the range of 1.9 million to 2.2 million tons for the fourth 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 1.5 to 1.8 million tons for the fourth quarter, compared with 1.9 million tons for the same quarter in 2016.
Zacks Rank
Mosaic currently has a Zacks Rank #3 (Hold).
Market Reaction
Mosaic’s shares were up 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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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 third-quarter release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Mosaic for the third quarter has remained stable over the past month. Mosaic has beaten the Zacks Consensus Estimate in three of the trailing four quarters while missing on one, delivering an average positive surprise of 63.4%.
Earnings
Mosaic’s adjusted earnings were 43 cents per share for the third quarter, beating the Zacks Consensus Estimate of 25 cents.
Mosaic Company (The) Price and EPS Surprise
Revenues
Mosaic recorded net sales of $1,984.8 million, up roughly 1.7% year over year. The figure also beat the Zacks Consensus Estimate of $1,961 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 fourth quarter of 2017 versus 2.5 million tons for the same quarter in 2016. Potash sales volumes have been forecast in the range of 1.9 million to 2.2 million tons for the fourth 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 1.5 to 1.8 million tons for the fourth quarter, compared with 1.9 million tons for the same quarter in 2016.
Zacks Rank
Mosaic currently has a Zacks Rank #3 (Hold).
Market Reaction
Mosaic’s shares were up 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!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
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.
Free: See Our Top Stock and 4 Runners Up >>
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