Potash Corp. of Saskatchewan, Inc. is a fertilizer company producing three primary plant nutrients – potash, phosphate and nitrogen.
Potash Corp. has a competitive advantage stemming from its mining rights to the world's largest potash reserve. However, the company is exposed to macroeconomic uncertainties including price volatility and currency fluctuations.
Let’s have a quick look at the company’s third-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Potash Corp. for the third quarter has increased by a penny over the last month. The company has missed the Zacks Consensus Estimate in 3 of the trailing 4 quarters with an average negative surprise of 9.20%.
Earnings
Potash Corp.’s adjusted earnings came in at 11 cents per share for the quarter. That surpassed the Zacks Consensus Estimate of 9 cents.
Revenues
Potash Corp. reported net sales of $982 million. That missed the Zacks Consensus Estimate of $1,004 million.
Key Developments to Note
Potash Corp. narrowed its full-year 2016 earnings guidance to the range of 40 cents to 45 cents per share that includes first-half notable charges of 11 cents per share mainly related to the suspension of its Picadilly mine in New Brunswick and its share of Canpotex's Prince Rupert project exit costs.
Zacks Rank
Currently, Potash Corp. has a Zacks Rank #3 (Hold).
Market Reaction
Potash Corp’s shares rose 1.25% in pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Potash Corp’s earnings report!
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Potash Corp. (POT) Q3 Earnings Beat Estimates, Sales Miss
Potash Corp. of Saskatchewan, Inc. is a fertilizer company producing three primary plant nutrients – potash, phosphate and nitrogen.
Potash Corp. has a competitive advantage stemming from its mining rights to the world's largest potash reserve. However, the company is exposed to macroeconomic uncertainties including price volatility and currency fluctuations.
Let’s have a quick look at the company’s third-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Potash Corp. for the third quarter has increased by a penny over the last month. The company has missed the Zacks Consensus Estimate in 3 of the trailing 4 quarters with an average negative surprise of 9.20%.
Earnings
Potash Corp.’s adjusted earnings came in at 11 cents per share for the quarter. That surpassed the Zacks Consensus Estimate of 9 cents.
Revenues
Potash Corp. reported net sales of $982 million. That missed the Zacks Consensus Estimate of $1,004 million.
POTASH SASK Price and EPS Surprise
POTASH SASK Price and EPS Surprise | POTASH SASK Quote
Key Developments to Note
Potash Corp. narrowed its full-year 2016 earnings guidance to the range of 40 cents to 45 cents per share that includes first-half notable charges of 11 cents per share mainly related to the suspension of its Picadilly mine in New Brunswick and its share of Canpotex's Prince Rupert project exit costs.
Zacks Rank
Currently, Potash Corp. has a Zacks Rank #3 (Hold).
Market Reaction
Potash Corp’s shares rose 1.25% in pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Potash Corp’s earnings report!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>