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Intrepid Potash (IPI) to Post Q1 Earnings: What's in the Offing?

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Intrepid Potash, Inc. (IPI - Free Report) is set to release first-quarter 2022 results on May 2, after the closing bell.

The company delivered an earnings surprise of around 102.8%, on average, over the trailing four quarters. Its first-quarter results are likely to reflect the benefits of higher prices and strong demand for its products.
 
Shares of Intrepid Potash have rallied 151.5% in the past year compared with 50.6% rise of the industry.

 

Zacks Investment Research
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Let’s see how things are shaping up for this announcement.

What Do the Estimates Indicate?

The Zacks Consensus Estimate for Intrepid Potash’s first-quarter consolidated sales is currently pegged at $87.1 million, which calls for an increase of 46.7% from the year-ago quarter’s tally.

Some Factors at Play

Intrepid Potash is likely to have benefited from strong demand and higher net realized sales price per ton for its potash and Trio products in the first quarter. A strong commodity environment and higher fertilizer prices are expected to have supported its results in the quarter. A recovery in economic activities and the strength in commodity prices are likely to have driven demand for its specialty fertilizer, Trio.

Higher pricing is likely to have driven sales across the company’s Potash and Trio segments in the quarter to be reported. The Oilfield Solutions unit is also expected to have benefited from an improvement in oilfield activity.

 

Intrepid Potash, Inc Price and EPS Surprise

 

Intrepid Potash, Inc Price and EPS Surprise

Intrepid Potash, Inc price-eps-surprise | Intrepid Potash, Inc Quote

 

Zacks Model

Our proven model does not conclusively predict an earnings beat for Intrepid Potash this season. The combination of a positive Earnings ESP  and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.

Earnings ESP: Earnings ESP for Intrepid Potash is 0.00%. The Zacks Consensus Estimate for earnings for the first quarter is currently pegged at $1.60. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Intrepid Potash currently carries a Zacks Rank #2.

Stocks That Warrant a Look

Here are some companies in the basic materials space you may want to consider as our model shows these have the right combination of elements to post an earnings beat this quarter:

The Mosaic Company (MOS - Free Report) , scheduled to release earnings on May 2, has an Earnings ESP of +0.89% and carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Mosaic’s first-quarter earnings has been revised 14.6% upward over the past 60 days. The Zacks Consensus Estimate for MOS’s earnings for the quarter is currently pegged at $2.44.

Westlake Corporation (WLK - Free Report) , slated to release earnings on May 3, has an Earnings ESP of +17.30% and carries a Zacks Rank #1.

The Zacks Consensus Estimate for Westlake's first-quarter earnings has been revised 22.1% upward over the past 60 days. The consensus estimate for WLK’s earnings for the quarter is currently pegged at $4.53.

The Chemours Company (CC - Free Report) , scheduled to release earnings on May 2, has an Earnings ESP of +3.83% and carries a Zacks Rank #3.

The Zacks Consensus Estimate for Chemours’ first-quarter earnings has been revised 2.2% upward in the past 60 days. The consensus estimate for CC’s earnings for the quarter is currently pegged at 92 cents.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.