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Mosaic (MOS) Announces Revenues and Volumes for November
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The Mosaic Company (MOS - Free Report) recently announced sales volumes and revenues for November 2021 across all businesses.
The Potash segment recorded sales volume of 644,000 tons in November, down 13.7% from 746,000 tons in the year-ago period. Sales revenues were $271 million, up around 67.3% from $162 million in the prior-year period.
The Mosaic Fertilizantes segment’s sales volume rose 5.3% to 731,000 tons from 694,000 tons last year. Sales revenues increased around 102.1% to $489 million from $242 million recorded last year.
The Phosphates segment recorded sales volume of 576,000 tons, down around 19.9% from 719,000 tons a year ago. Sales revenues in the segment were $465 million, up around 49% from $312 million a year ago.
Mosaic expects Phosphates finished product sales volume in the band of 1.8-1.9 million tons for the fourth quarter. Phosphates revenues in November were favorably impacted by low-margin intercompany sulfur sales. Its previous outlook for fourth-quarter average sales prices increasing in the range of $55-$65 per ton from third-quarter levels remains unchanged.
In the Potash segment, Mosaic continues to expect fourth-quarter sales volume of 2-2.1 million tons. The sequential potash price increase in the fourth quarter over the third-quarter average realized prices is projected to be at the bottom end of its guidance of $110-$130 per ton. Port congestion in Brazil has shifted expected recognition of higher-priced sales ton to the first quarter of 2022, the company noted.
Shares of Mosaic have soared 69% in the past year compared with a 32.1% rally of the industry.
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Zacks Rank & Key Picks
Mosaic currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Nutrien Ltd. (NTR - Free Report) , The Chemours Company (CC - Free Report) and AdvanSix Inc. (ASIX - Free Report) .
Nutrien has an expected earnings growth rate of 233.3% for the current year. The Zacks Consensus Estimate for current-year earnings has been revised 16.3% upward in the past 60 days.
Nutrien beat the Zacks Consensus Estimate for earnings in three of the last four quarters. The company has a trailing four-quarter earnings surprise of roughly 73.5%, on average. The stock has increased 53.8% in a year. NTR currently sports a Zacks Rank #1 (Strong 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 20% 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 in the past 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 123.5% in a year. AdvanSix currently carries a Zacks Rank #2 (Buy).
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Mosaic (MOS) Announces Revenues and Volumes for November
The Mosaic Company (MOS - Free Report) recently announced sales volumes and revenues for November 2021 across all businesses.
The Potash segment recorded sales volume of 644,000 tons in November, down 13.7% from 746,000 tons in the year-ago period. Sales revenues were $271 million, up around 67.3% from $162 million in the prior-year period.
The Mosaic Fertilizantes segment’s sales volume rose 5.3% to 731,000 tons from 694,000 tons last year. Sales revenues increased around 102.1% to $489 million from $242 million recorded last year.
The Phosphates segment recorded sales volume of 576,000 tons, down around 19.9% from 719,000 tons a year ago. Sales revenues in the segment were $465 million, up around 49% from $312 million a year ago.
Mosaic expects Phosphates finished product sales volume in the band of 1.8-1.9 million tons for the fourth quarter. Phosphates revenues in November were favorably impacted by low-margin intercompany sulfur sales. Its previous outlook for fourth-quarter average sales prices increasing in the range of $55-$65 per ton from third-quarter levels remains unchanged.
In the Potash segment, Mosaic continues to expect fourth-quarter sales volume of 2-2.1 million tons. The sequential potash price increase in the fourth quarter over the third-quarter average realized prices is projected to be at the bottom end of its guidance of $110-$130 per ton. Port congestion in Brazil has shifted expected recognition of higher-priced sales ton to the first quarter of 2022, the company noted.
Shares of Mosaic have soared 69% in the past year compared with a 32.1% rally of the industry.
Zacks Rank & Key Picks
Mosaic currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Nutrien Ltd. (NTR - Free Report) , The Chemours Company (CC - Free Report) and AdvanSix Inc. (ASIX - Free Report) .
Nutrien has an expected earnings growth rate of 233.3% for the current year. The Zacks Consensus Estimate for current-year earnings has been revised 16.3% upward in the past 60 days.
Nutrien beat the Zacks Consensus Estimate for earnings in three of the last four quarters. The company has a trailing four-quarter earnings surprise of roughly 73.5%, on average. The stock has increased 53.8% in a year. NTR currently sports a Zacks Rank #1 (Strong 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 20% 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 in the past 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 123.5% in a year. AdvanSix currently carries a Zacks Rank #2 (Buy).