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Nutrien (NTR) Dips More Than Broader Markets: What You Should Know

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In the latest trading session, Nutrien (NTR - Free Report) closed at $58.65, marking a -1.26% move from the previous day. This change lagged the S&P 500's daily loss of 0.47%.

Prior to today's trading, shares of the producer of potash and other fertilizers had lost 0.07% over the past month. This has lagged the Basic Materials sector's gain of 3.58% and the S&P 500's gain of 3.38% in that time.

Wall Street will be looking for positivity from NTR as it approaches its next earnings report date. This is expected to be August 9, 2021. The company is expected to report EPS of $2.09, up 44.14% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.99 billion, up 18.69% from the year-ago period.

NTR's full-year Zacks Consensus Estimates are calling for earnings of $3.84 per share and revenue of $24.2 billion. These results would represent year-over-year changes of +113.33% and +16.03%, respectively.

Any recent changes to analyst estimates for NTR should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.49% higher. NTR currently has a Zacks Rank of #1 (Strong Buy).

Digging into valuation, NTR currently has a Forward P/E ratio of 15.47. For comparison, its industry has an average Forward P/E of 15.47, which means NTR is trading at a no noticeable deviation to the group.

Also, we should mention that NTR has a PEG ratio of 1.93. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Fertilizers industry currently had an average PEG ratio of 1.63 as of yesterday's close.

The Fertilizers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 21, which puts it in the top 9% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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