Back to top

Monsanto (MON) Beats on Q4 Fiscal 2017 Earnings & Revenues
October 04, 2017

Read MoreHide Full Article

Monsanto Company (MON - Free Report) has carved a name for itself in the global agricultural chemicals’ industry. The company tries to enhance the yield and quality of several commercial and non-commercial agricultural crops such as cotton, soybean and corn.

Currently, MON has a Zacks Rank 3 (Hold), but that could definitely change after the release of its fourth-quarter fiscal 2017 (ended Aug 31, 2017) results. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: MON reported adjusted earnings of 20 cents per share in fourth-quarter fiscal 2017 (on an ongoing basis), as against the Zacks Consensus Estimate of a loss of 38 cents per share.

Revenue: MON posted revenues of $2,686 million in fourth-quarter fiscal 2017, higher than the Zacks Consensus Estimate of $2,411 million.  

Key Factors: MON is poised to grow on the back of innovative technology adoption, strategic restructuring moves and improved pricing of major products such as glyphosate and Intacta RR2 PRO soybeans. By the end of fiscal 2018, the company anticipates to complete its ongoing cost-saving and restructuring initiative which commenced in fiscal 2015.

MON perceives to successfully close Bayer AG’s (BAYRY - Free Report) buyout deal by the end of calendar year 2017.   

Stock Price:  At the time of writing, the stock price of MON was up nearly 1% ($1.15) in the pre-market trade on Nasdaq. Clearly the initial reaction to the release is positive. We view the company’s better-than-expected fourth-quarter fiscal 2017 results as the primary reason responsible for this positive sentiment.

As of Oct 3, 2017, MON’s stock closed the trading session at $119.69 per share.

Check back our full write up on this MON earnings report later!

Can Hackers Put Money INTO Your Portfolio?

Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.

Zacks has just released Cybersecurity! An Investor’s Guide to help readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.

Download the new report now>>


In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Bayer Aktiengesellschaft (BAYRY) - free report >>

Monsanto Company (MON) - free report >>

More from Zacks Tale of the Tape

You May Like