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Nutrien (NTR) Stock Sinks As Market Gains: What You Should Know
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Nutrien (NTR - Free Report) closed at $74.12 in the latest trading session, marking a -0.74% move from the prior day. This change lagged the S&P 500's 0.36% gain on the day. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq lost 0.1%.
Coming into today, shares of the producer of potash and other fertilizers had lost 16.59% in the past month. In that same time, the Basic Materials sector lost 25.75%, while the S&P 500 lost 6.59%.
Wall Street will be looking for positivity from Nutrien as it approaches its next earnings report date. This is expected to be August 3, 2022. On that day, Nutrien is projected to report earnings of $6.02 per share, which would represent year-over-year growth of 189.42%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.62 billion, up 60.01% from the year-ago period.
NTR's full-year Zacks Consensus Estimates are calling for earnings of $17.11 per share and revenue of $40.97 billion. These results would represent year-over-year changes of +174.64% and +47.84%, respectively.
Investors might also notice recent changes to analyst estimates for Nutrien. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.61% higher. Nutrien currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Nutrien currently has a Forward P/E ratio of 4.36. This represents a no noticeable deviation compared to its industry's average Forward P/E of 4.36.
Investors should also note that NTR has a PEG ratio of 0.55 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Fertilizers was holding an average PEG ratio of 0.53 at yesterday's closing price.
The Fertilizers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Nutrien (NTR) Stock Sinks As Market Gains: What You Should Know
Nutrien (NTR - Free Report) closed at $74.12 in the latest trading session, marking a -0.74% move from the prior day. This change lagged the S&P 500's 0.36% gain on the day. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq lost 0.1%.
Coming into today, shares of the producer of potash and other fertilizers had lost 16.59% in the past month. In that same time, the Basic Materials sector lost 25.75%, while the S&P 500 lost 6.59%.
Wall Street will be looking for positivity from Nutrien as it approaches its next earnings report date. This is expected to be August 3, 2022. On that day, Nutrien is projected to report earnings of $6.02 per share, which would represent year-over-year growth of 189.42%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.62 billion, up 60.01% from the year-ago period.
NTR's full-year Zacks Consensus Estimates are calling for earnings of $17.11 per share and revenue of $40.97 billion. These results would represent year-over-year changes of +174.64% and +47.84%, respectively.
Investors might also notice recent changes to analyst estimates for Nutrien. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.61% higher. Nutrien currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Nutrien currently has a Forward P/E ratio of 4.36. This represents a no noticeable deviation compared to its industry's average Forward P/E of 4.36.
Investors should also note that NTR has a PEG ratio of 0.55 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Fertilizers was holding an average PEG ratio of 0.53 at yesterday's closing price.
The Fertilizers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.