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CF Industries (CF) Raises Adjusted EBITDA Outlook for FY21
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CF Industries Holdings, Inc. (CF - Free Report) recently announced that its management expects adjusted EBITDA for full-year 2021 to be between $2.65-2.85 billion. The updated outlook reflects an increase from the earlier guidance of $2.2-2.4 billion.
The increase in outlook represents continued strong global nitrogen market conditions that have led to higher-than-expected realized pricing for products sold on an index basis.
Management forecasts higher-than-expected sales volumes through year-end led by favorable weather, which has enabled the strongest fall ammonia application season in North America over the last decade.
Shares of CF Industries have increased 59.7% in the past year compared with a 34.9% rise of the industry.
Image Source: Zacks Investment Research
CF Industries is gaining from higher nitrogen fertilizer demand in major markets. Global nitrogen demand is expected to remain strong. Higher crop commodity prices are contributing to healthy demand globally. Industrial demand also recovered from the pandemic-related disruptions.
Higher nitrogen prices also boosted the company’s sales in the last reported quarter. CF Industries is benefiting from higher nitrogen prices on the back of lower supply resulting from reduced operating rates across Europe and Asia due to higher energy prices.
CF Industries currently sports a Zacks Rank #1 (Strong Buy).
Some other top-ranked stocks in the basic materials space are Celanese Corporation (CE - Free Report) , The Chemours Company (CC - Free Report) and AdvanSix Inc. (ASIX - Free Report) .
Celanese has an expected earnings growth rate of 139.5% for the current year. The Zacks Consensus Estimate for current-year earnings has been revised 8.7% upward in the past 60 days.
Celanese beat the Zacks Consensus Estimate for earnings in each of the last four quarters. The company has a trailing four-quarter earnings surprise of roughly 12.7%, on average. The stock has increased around 20.6% in a year. CE currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Chemours has an expected earnings growth rate of 105.1% for the current year. The Zacks Consensus Estimate for the current year has been revised 10% upward in the past 60 days.
Chemours beat the Zacks Consensus Estimate for earnings in all of the last four quarters. The company has a trailing four-quarter earnings surprise of roughly 34.2%, on average. CC has increased around 16.7% over a year. Chemours currently flaunts a Zacks Rank #1.
AdvanSix has a projected earnings growth rate of 194.5% for the current year. ASIX's consensus estimate for the current year has been revised 5.9% upward over the last 60 days.
AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has rallied around 110% in a year. It currently carries a Zacks Rank #1.
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CF Industries (CF) Raises Adjusted EBITDA Outlook for FY21
CF Industries Holdings, Inc. (CF - Free Report) recently announced that its management expects adjusted EBITDA for full-year 2021 to be between $2.65-2.85 billion. The updated outlook reflects an increase from the earlier guidance of $2.2-2.4 billion.
The increase in outlook represents continued strong global nitrogen market conditions that have led to higher-than-expected realized pricing for products sold on an index basis.
Management forecasts higher-than-expected sales volumes through year-end led by favorable weather, which has enabled the strongest fall ammonia application season in North America over the last decade.
Shares of CF Industries have increased 59.7% in the past year compared with a 34.9% rise of the industry.
CF Industries is gaining from higher nitrogen fertilizer demand in major markets. Global nitrogen demand is expected to remain strong. Higher crop commodity prices are contributing to healthy demand globally. Industrial demand also recovered from the pandemic-related disruptions.
Higher nitrogen prices also boosted the company’s sales in the last reported quarter. CF Industries is benefiting from higher nitrogen prices on the back of lower supply resulting from reduced operating rates across Europe and Asia due to higher energy prices.
CF Industries Holdings, Inc. Price and Consensus
CF Industries Holdings, Inc. price-consensus-chart | CF Industries Holdings, Inc. Quote
Zacks Rank & Other Key Picks
CF Industries currently sports a Zacks Rank #1 (Strong Buy).
Some other top-ranked stocks in the basic materials space are Celanese Corporation (CE - Free Report) , The Chemours Company (CC - Free Report) and AdvanSix Inc. (ASIX - Free Report) .
Celanese has an expected earnings growth rate of 139.5% for the current year. The Zacks Consensus Estimate for current-year earnings has been revised 8.7% upward in the past 60 days.
Celanese beat the Zacks Consensus Estimate for earnings in each of the last four quarters. The company has a trailing four-quarter earnings surprise of roughly 12.7%, on average. The stock has increased around 20.6% in a year. CE currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Chemours has an expected earnings growth rate of 105.1% for the current year. The Zacks Consensus Estimate for the current year has been revised 10% upward in the past 60 days.
Chemours beat the Zacks Consensus Estimate for earnings in all of the last four quarters. The company has a trailing four-quarter earnings surprise of roughly 34.2%, on average. CC has increased around 16.7% over a year. Chemours currently flaunts a Zacks Rank #1.
AdvanSix has a projected earnings growth rate of 194.5% for the current year. ASIX's consensus estimate for the current year has been revised 5.9% upward over the last 60 days.
AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has rallied around 110% in a year. It currently carries a Zacks Rank #1.