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Mosaic (MOS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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Mosaic (MOS - Free Report) reported $2.81 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 20.8%. EPS of $0.34 for the same period compares to $0.68 a year ago.
The reported revenue represents a surprise of -14.41% over the Zacks Consensus Estimate of $3.28 billion. With the consensus EPS estimate being $0.58, the EPS surprise was -41.38%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Mosaic performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Potash - Average finished product selling price (destination): $263 compared to the $254.93 average estimate based on four analysts.
Phosphates - Sales volumes - Total Finished Product: 1,475 KTon versus 1,678.73 KTon estimated by four analysts on average.
Potash - Sales volumes - Total Finished Product: 1,996 KTon versus the four-analyst average estimate of 2,096.37 KTon.
Mosaic Fertilizantes - Sales volumes - Total Finished Product: 2,879 KTon compared to the 3,047.36 KTon average estimate based on four analysts.
Phosphates - Realized costs - Blended rock: 87 $/Ton versus 82 $/Ton estimated by three analysts on average.
Phosphates - Realized costs - Sulfur: 126 $/Ton versus 131.4 $/Ton estimated by three analysts on average.
Mosaic Fertilizantes - Average finished product selling price (destination): $486 versus the three-analyst average estimate of $545.39.
Phosphates - Realized costs - Ammonia: 482 $/Ton versus the three-analyst average estimate of 360.31 $/Ton.
Net sales- Phosphates: $1.01 billion versus the four-analyst average estimate of $1.07 billion. The reported number represents a year-over-year change of +1.9%.
Net sales- Mosaic Fertilizantes: $1.40 billion compared to the $1.61 billion average estimate based on four analysts. The reported number represents a change of -19.2% year over year.
Net sales- Corporate and Other: -$119 million versus the four-analyst average estimate of $59.98 million. The reported number represents a year-over-year change of -207.2%.
Net sales- Potash: $526 million compared to the $535.67 million average estimate based on four analysts. The reported number represents a change of -26.9% year over year.
Shares of Mosaic have returned +7.2% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Mosaic (MOS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Mosaic (MOS - Free Report) reported $2.81 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 20.8%. EPS of $0.34 for the same period compares to $0.68 a year ago.
The reported revenue represents a surprise of -14.41% over the Zacks Consensus Estimate of $3.28 billion. With the consensus EPS estimate being $0.58, the EPS surprise was -41.38%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Mosaic performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Potash - Average finished product selling price (destination): $263 compared to the $254.93 average estimate based on four analysts.
- Phosphates - Sales volumes - Total Finished Product: 1,475 KTon versus 1,678.73 KTon estimated by four analysts on average.
- Potash - Sales volumes - Total Finished Product: 1,996 KTon versus the four-analyst average estimate of 2,096.37 KTon.
- Mosaic Fertilizantes - Sales volumes - Total Finished Product: 2,879 KTon compared to the 3,047.36 KTon average estimate based on four analysts.
- Phosphates - Realized costs - Blended rock: 87 $/Ton versus 82 $/Ton estimated by three analysts on average.
- Phosphates - Realized costs - Sulfur: 126 $/Ton versus 131.4 $/Ton estimated by three analysts on average.
- Mosaic Fertilizantes - Average finished product selling price (destination): $486 versus the three-analyst average estimate of $545.39.
- Phosphates - Realized costs - Ammonia: 482 $/Ton versus the three-analyst average estimate of 360.31 $/Ton.
- Net sales- Phosphates: $1.01 billion versus the four-analyst average estimate of $1.07 billion. The reported number represents a year-over-year change of +1.9%.
- Net sales- Mosaic Fertilizantes: $1.40 billion compared to the $1.61 billion average estimate based on four analysts. The reported number represents a change of -19.2% year over year.
- Net sales- Corporate and Other: -$119 million versus the four-analyst average estimate of $59.98 million. The reported number represents a year-over-year change of -207.2%.
- Net sales- Potash: $526 million compared to the $535.67 million average estimate based on four analysts. The reported number represents a change of -26.9% year over year.
View all Key Company Metrics for Mosaic here>>>Shares of Mosaic have returned +7.2% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.