Evaluate the expected performance of Nutrien (NTR) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Nutrien (NTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Fertilizer prices have stabilized to pre-COVID levels, with stocks like Nutrien trading as if the supply-chain spike never occurred. Fertilizer producers are an overlooked inflation hedge due to their strong correlation with natural gas and crop prices, with North American export demand growing. Nutrien's valuation is down, but it may be an accumulation opportunity with potential supply-side pressures seemingly rebounding.
While NTR faces pricing pressure, it gains on healthy demand for fertilizers, backed by the strength in global agriculture markets.
Nutrien's share price has continued sliding over the course of 2024, but margin and sales headwinds are weakening. The company is well-positioned to serve the high margin North America market while also expending in Latin America. At the same time, the assumptions that are built in the share price are unlikely to persist beyond the near term.
Nutrien (NTR) reported earnings 30 days ago. What's next for the stock?
While NTR is exposed to pricing pressure, it benefits from healthy demand for fertilizers, backed by the strength in global agriculture markets.
Nutrien's stock has declined due to low crop prices, high inflation, and interest rates, but its strong financials hint at a bottoming trend. The company's cost management and strong performance in key segments show resilience, with a positive long-term outlook driven by rising demand. Despite past struggles, I maintain a Strong Buy rating on Nutrien, confident in its potential rebound as market conditions improve.
Nutrien's (NTR) earnings beat estimates while sales miss the same on lower selling prices in the second quarter.
Although the revenue and EPS for Nutrien (NTR) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Nutrien (NTR) came out with quarterly earnings of $2.34 per share, beating the Zacks Consensus Estimate of $2.13 per share. This compares to earnings of $2.53 per share a year ago.
Get a deeper insight into the potential performance of Nutrien (NTR) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.