Mosaic (MOS) to announce third quarter results: what’s next?
The Mosaic Company MOS is expected to release its third quarter 2020 results on November 2, after the closing bell.
Mosaic’s third quarter results are expected to reflect the advantages of phosphate fertilizer prices and higher volumes in the Mosaic Fertilizantes and Phosphates units.
Mosaic shares have lost 12.3% in the past year compared to industrydown 9.1%.
Let’s see how things look for this ad.
What to expect in the third trimester
Mosaic has released monthly sales volume figures for its segments.
In the Potash unit, it recorded a sales volume of 743,000 tonnes in July and 741,000 tonnes in August. Year over year, sales volumes for July and August fell about 5.7% and 1.9%, respectively.
In phosphates, the company reported 676,000 tonnes in July and 743,000 tonnes in August. On an annual basis, the sales volumes for July and August mark an increase of 17% and 6.4%, respectively.
In the Mosaic Fertilizantes unit, sales volumes were 1,201,000 tonnes in July and 1,266,000 tonnes in August. Year over year, sales volumes for July and August increased 16.7% and 2%, respectively.
Other factors at play
During the second quarter 2020 earnings call, the company said it expects the high tonnage and higher utilization rates to continue into the third quarter. For phosphates and potash, Mosaic expects relatively normal volumes in the third quarter.
The company also said prices for phosphate fertilizers have strengthened globally, reflecting the tightening balance between supply and demand. In addition, he expects potash prices to be stable.
What do the estimates indicate?
Zacks’ Consensus Estimate for Mosaic Consolidated Third Quarter Sales is currently set at $ 2,409 million, which is 12.5% lower from the previous year’s quarterly count.
Zacks’ consensus estimate for net sales in the phosphates segment is currently set at $ 816 million, which calls for a modest 0.5% year-over-year decline.
In addition, the consensus mark for net sales in the potash segment is currently set at $ 467 million, which assumes a 24.2% year-over-year decline.
Zacks’ consensus estimate for net sales in the Mosaic Fertilizantes segment is currently set at $ 1,206 million, which assumes a 13.1% year-over-year decline.
The Mosaic Company Awards and EPS Surprise
The Mosaic Company price-eps-surprise | The quote from the company Mosaic
Our proven model does not predict a profit beat for Mosaic this season. The combination of a positive ESP on earnings and a Zacks # 1 (strong buy), 2 (buy) or 3 (hold) ranking increases the odds of beating the winnings. But it is not the case here.
ESP on earnings: ESP gains for Mosaic are -1.38%. Zacks’ consensus estimate is currently set at 22 cents. You can discover the best stocks to buy or sell before they are flagged with our ESP Income Filter.
Zack Rank: Mosaic wears a rank 3 of Zacks. You can see The full list of today’s Zacks # 1 Rank stocks here.
Actions likely to beat estimates
Here are a few companies you might want to consider, as our model shows they have the right mix of elements to show a beaten profit this quarter:
Olin Company OLN, which is expected to release its third quarter 2020 results on November 4, has an ESP on earnings of + 6.25% and is ranked Zacks # 3.
Albemarle Company ALB, which is expected to release its third quarter 2020 results on November 4, has an ESP on earnings of + 5.73% and is ranked Zacks # 3.
Domtar Corporation UFS, which is expected to release its third quarter 2020 results on November 6, has an ESP on earnings of + 57.14% and is ranked Zacks # 3.
Looking for skyrocketing stocks?
Zacks just released a special report on the booming investment opportunities in legal marijuana.
Flamed by referendums and legislation, this industry is expected to grow from an already robust $ 17.7 billion in 2019 to $ 73.6 billion by 2027. Early investors risk killing, but you must be prepared to act and know exactly where to look.
Want the latest recommendations from Zacks Investment Research? Today you can download 7 best stocks for the next 30 days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.