The Mosaic CompanyMOS is a leading producer and marketer of concentrated phosphate and potash for the global agriculture industry. It is the largest producer of finished phosphate products globally.
Mosaic remains committed to expand its annual potash production capacity. However, the company is facing a challenging business environment in agriculture and is seeing weak demand for nutrients. The company is also exposed to a weak pricing environment. The company is also affected by volatility in prices of key raw materials as well as currency fluctuations.
Let’s have a quick look at this fertilizer company’s second-quarter release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Mosaic for the second quarter has seen a downtrend over the past month. Mosaic has beaten the Zacks Consensus Estimate in 3 of the trailing 4 quarters, with an average positive surprise of 13.77%.
Earnings
Mosaic’s adjusted earnings were 6 cents per share for the quarter, missing the Zacks Consensus Estimate of 18 cents.
Revenues
Mosaic recorded net sales of $ 1,674.6 million, down roughly 32.7% year over year. That missed the Zacks Consensus Estimate of $ 1,712 million.
MOSAIC CO/THE Price and EPS Surprise
MOSAIC CO/THE Price and EPS Surprise | MOSAIC CO/THE Quote
Key Stats/Developments to Note
Mosaic expects phosphates sales volumes in the band of 2.4 million to 2.7 million tons for the third quarter of 2016 versus 2 million tons for the same quarter in 2015. Potash sales volumes have been forecast in the range of 1.8 million to 2.1 million tons for the third quarter, higher than the 1.6 million tons in the prior year quarter.
Zacks Rank
Mosaic currently has a Zacks Rank #5 (Strong Sell).
Market Reaction
Mosaic’s shares fell 0.2% 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 Mosaic’s earnings report!
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MOSAIC CO/THE (MOS): Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Plantations International