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Mosaic (MOS - Free Report) closed the latest trading day at $34.16, indicating a +1.43% change from the previous session's end. This change outpaced the S&P 500's 0.73% gain on the day. Meanwhile, the Dow experienced a rise of 0.62%, and the technology-dominated Nasdaq saw an increase of 0.93%.
The the stock of fertilizer maker has fallen by 6.73% in the past month, lagging the Basic Materials sector's loss of 6.41% and the S&P 500's loss of 2.29%.
The upcoming earnings release of Mosaic will be of great interest to investors. The company's earnings report is expected on November 7, 2023. The company's earnings per share (EPS) are projected to be $0.80, reflecting a 75.16% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $3.16 billion, indicating a 40.93% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.91 per share and a revenue of $13.21 billion, representing changes of -64.49% and -30.93%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Mosaic. 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.67% higher within the past month. Mosaic is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Mosaic has a Forward P/E ratio of 8.6 right now. For comparison, its industry has an average Forward P/E of 10.21, which means Mosaic is trading at a discount to the group.
Also, we should mention that MOS has a PEG ratio of 1.23. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Fertilizers industry had an average PEG ratio of 1.3.
The Fertilizers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 99, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Mosaic (MOS) Laps the Stock Market: Here's Why
Mosaic (MOS - Free Report) closed the latest trading day at $34.16, indicating a +1.43% change from the previous session's end. This change outpaced the S&P 500's 0.73% gain on the day. Meanwhile, the Dow experienced a rise of 0.62%, and the technology-dominated Nasdaq saw an increase of 0.93%.
The the stock of fertilizer maker has fallen by 6.73% in the past month, lagging the Basic Materials sector's loss of 6.41% and the S&P 500's loss of 2.29%.
The upcoming earnings release of Mosaic will be of great interest to investors. The company's earnings report is expected on November 7, 2023. The company's earnings per share (EPS) are projected to be $0.80, reflecting a 75.16% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $3.16 billion, indicating a 40.93% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.91 per share and a revenue of $13.21 billion, representing changes of -64.49% and -30.93%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Mosaic. 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.67% higher within the past month. Mosaic is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Mosaic has a Forward P/E ratio of 8.6 right now. For comparison, its industry has an average Forward P/E of 10.21, which means Mosaic is trading at a discount to the group.
Also, we should mention that MOS has a PEG ratio of 1.23. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Fertilizers industry had an average PEG ratio of 1.3.
The Fertilizers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 99, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.