Potash Corp. of Saskatchewan, Inc. is a fertilizer company producing three primary plant nutrients – potash, phosphate and nitrogen.
Potash Corp. will benefit from expanded operational capability and improved demand for potash. The proposed merger with Agrium is also expected to create significant cost and operational synergies. However, the company faces challenging agriculture market fundamentals. It is also exposed to a weak pricing environment.
Let’s have a quick look at the company’s first-quarter 2017 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Potash Corp. for the first quarter has decreased over the last month. The company has missed the Zacks Consensus Estimate in 2 of the trailing 4 quarters with an average negative surprise of 1.56%.
Earnings
Potash Corp.’s earnings came in at 18 cents per share for the quarter. That beat the Zacks Consensus Estimate of 10 cents.
Revenues
Potash Corp. reported adjusted net sales of $979 million. That beat the Zacks Consensus Estimate of $928 million.
Key Developments to Note
Potash Corp. now expects full-year 2017 earnings to be in the range of 45 cents to 65 cents per share that includes merger related charges of 5 cents per share. The company expects total potash sales volume to be in the range of 8.9-9.4 million tons in 2017. Capital expenditures for the year are projected at roughly $600 million.
Zacks Rank
Currently, Potash Corp. has a Zacks Rank #3 (Hold), but that could change following its earnings report which was just released.
Market Reaction
Potash Corp’s shares rose roughly 2.5% 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) Q1 Earnings & Sales Beat Estimates
Potash Corp. of Saskatchewan, Inc. is a fertilizer company producing three primary plant nutrients – potash, phosphate and nitrogen.
Potash Corp. will benefit from expanded operational capability and improved demand for potash. The proposed merger with Agrium is also expected to create significant cost and operational synergies. However, the company faces challenging agriculture market fundamentals. It is also exposed to a weak pricing environment.
Let’s have a quick look at the company’s first-quarter 2017 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Potash Corp. for the first quarter has decreased over the last month. The company has missed the Zacks Consensus Estimate in 2 of the trailing 4 quarters with an average negative surprise of 1.56%.
Earnings
Potash Corp.’s earnings came in at 18 cents per share for the quarter. That beat the Zacks Consensus Estimate of 10 cents.
Potash Corporation of Saskatchewan Inc. Price and EPS Surprise
Potash Corporation of Saskatchewan Inc. Price and EPS Surprise | Potash Corporation of Saskatchewan Inc. Quote
Revenues
Potash Corp. reported adjusted net sales of $979 million. That beat the Zacks Consensus Estimate of $928 million.
Key Developments to Note
Potash Corp. now expects full-year 2017 earnings to be in the range of 45 cents to 65 cents per share that includes merger related charges of 5 cents per share. The company expects total potash sales volume to be in the range of 8.9-9.4 million tons in 2017. Capital expenditures for the year are projected at roughly $600 million.
Zacks Rank
Currently, Potash Corp. has a Zacks Rank #3 (Hold), but that could change following its earnings report which was just released.
Market Reaction
Potash Corp’s shares rose roughly 2.5% 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!
Looking for Ideas with Even Greater Upside?
Most of Zacks’ investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information>>