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Nutrien (NTR) Stock Sinks As Market Gains: What You Should Know
Nutrien (NTR - Free Report) closed at $72.68 in the latest trading session, marking a -0.41% move from the prior day. This change lagged the S&P 500's 1.76% gain on the day. Meanwhile, the Dow gained 1.17%, and the Nasdaq, a tech-heavy index, added 3.03%.
Prior to today's trading, shares of the producer of potash and other fertilizers had lost 5.28% over the past month. This has was narrower than the Basic Materials sector's loss of 7.76% and the S&P 500's loss of 5.94% in that time.
Wall Street will be looking for positivity from Nutrien as it approaches its next earnings report date. In that report, analysts expect Nutrien to post earnings of $1.86 per share. This would mark a year-over-year decline of 31.11%. Meanwhile, our latest consensus estimate is calling for revenue of $6.78 billion, down 11.45% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.25 per share and revenue of $32.02 billion. These totals would mark changes of -22.29% and -15.47%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Nutrien. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for 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. Over the past month, the Zacks Consensus EPS estimate has moved 18.72% lower. Nutrien is currently sporting a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Nutrien has a Forward P/E ratio of 7.12 right now. Its industry sports an average Forward P/E of 7.21, so we one might conclude that Nutrien is trading at a discount comparatively.
It is also worth noting that NTR currently has a PEG ratio of 0.89. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. NTR's industry had an average PEG ratio of 0.89 as of yesterday's close.
The Fertilizers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 212, which puts it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.