Nutrien Ltd. NTR is about to launch fir
Nutrien Ltd. NTR is about to launch first-quarter 2021 outcomes on Could 3, after the closing bell. The corporate’s first-quarter outcomes are prone to replicate the advantages of sturdy demand and costs for phosphate and potash.
The fertilizer maker delivered an earnings shock of 23.6%, on common, over the trailing 4 quarters. It posted an earnings shock of 60% within the final reported quarter.
The corporate’s shares have gained 52.5% previously yr in contrast with the business’s 86.4% rise.
Let’s see how issues are shaping up for this announcement.
Zacks Mannequin
Our confirmed mannequin predicts an earnings beat for Nutrien this time round. The mix of a optimistic Earnings ESP and a Zacks Rank #1 (Robust Purchase), 2 (Purchase) or 3 (Maintain) will increase the possibilities of an incomes beat.
Earnings ESP: Earnings ESP for Nutrien is +53.84%. The Zacks Consensus Estimate for the primary quarter is presently pegged at 9 cents. You may uncover the most effective shares to purchase or promote earlier than they’re reported with our Earnings ESP Filter.
Zacks Rank: Nutrien presently carries a Zacks Rank #3.
What do the Estimates Point out?
The Zacks Consensus Estimate for Nutrien’s first-quarter consolidated gross sales is presently pegged at $4,581 million, which requires an increase of 9.4% from the year-ago quarter’s tally.
The Zacks Consensus Estimate for internet gross sales within the Phosphates phase is presently pegged at $387 million, which requires an increase of 38.2% sequentially.
Furthermore, the consensus mark for internet gross sales within the Potash phase is presently pegged at $548 million, which requires an increase of 21.8% sequentially.
The consensus mark for internet gross sales within the Nitrogen phase is presently pegged at $758 million, which suggests an increase of 36.6% sequentially.
A Few Elements to Watch
The corporate is prone to have benefited from stable demand and better costs for fertilizers, particularly potash, within the to-be-reported quarter. It’s anticipated to have gained from sturdy potash gross sales volumes on the again of stable home and abroad demand. Robust spring software demand for potash in North America and better planted acreage in america are prone to have supported volumes.
World phosphate markets stay sturdy on stable demand and pricing dynamics. Tight availability, agency demand and better enter prices are driving up phosphate costs globally. Potash costs have additionally strengthened on the again of sturdy world demand, aided by sturdy grower economics, increased crop costs and low world stock ranges. Demand for nitrogen fertilizer additionally stays wholesome in main markets. World nitrogen requirement is being pushed by demand in North America, India and Brazil.
Nutrien can also be prone to have gained from contributions of acquisitions and value effectivity within the first quarter.
Nutrien Ltd. Worth and EPS Shock
Nutrien Ltd. price-eps-surprise | Nutrien Ltd. Quote
Shares That Warrant a Look
Listed here are some firms within the fundamental supplies area you could need to think about as our mannequin exhibits they too have the proper mixture of components to submit an earnings beat this quarter:
AdvanSix Inc. ASIX, scheduled to launch earnings on Apr 30, has an Earnings ESP of +7.69% and carries a Zacks Rank #1. You may see the entire record of immediately’s Zacks #1 Rank shares right here.
Westlake Chemical Company WLK, scheduled to launch earnings on Could 4, has an Earnings ESP of +0.64% and a Zacks Rank #2.
CF Industries Holdings, Inc. CF, scheduled to launch earnings on Could 5, has an Earnings ESP of +4.53% and carries a Zacks Rank #3.
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Nutrien Ltd. (NTR): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.