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Can The Mosaic (MOS) Run Higher on Strong Earnings Estimate Revisions?
November 11, 2016

MOS

Trades from $3

The Mosaic Company (MOS - Free Report) is a producer and marketer of crop nutrients for the agricultural industry that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on MOS’ earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that The Mosaic could be a solid choice for investors.

Current Quarter Estimates for MOS

In the past 30 days, 3 estimates have gone higher for The Mosaic while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 13 cents a share 30 days ago, to 14 cents per share today, a move of 7.7%.

Current Year Estimates for MOS

Meanwhile, The Mosaic’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 46 cents per share 30 days ago to 59 cents per share today, an increase of 28.3%.

MOSAIC CO/THE Price and Consensus

 

MOSAIC CO/THE Price and Consensus | MOSAIC CO/THE Quote

Bottom Line

The stock has also started to move higher lately, adding 12.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3(Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

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