We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
FMC Corp (FMC) to Post Q3 Earnings: What's in the Cards?
Read MoreHide Full Article
FMC Corporation (FMC - Free Report) will release third-quarter 2022 results after the closing bell on Nov 1. The company’s performance is likely to have gained from higher demand, pricing and new products. However, higher raw material costs and unfavorable currency translation are likely to have affected its results.
The company beat the Zacks Consensus Estimate for earnings in each of the last four quarters. FMC has a trailing four-quarter earnings surprise of around 7.4%, on average. The company posted an earnings surprise of around 1.6% in the last reported quarter.
Shares of FMC have increased 27.5% in the past year against an 11.8% decline of the industry.
Image Source: Zacks Investment Research
Let’s see how things are shaping up for this announcement.
What do the Estimates Say?
The Zacks Consensus Estimate for third-quarter sales for FMC is currently pegged at $1,341 million, suggesting a 12.3% rise year over year. Our estimate for the quarter is $1,337.2 million.
The Zacks Consensus Estimate for North America revenue is currently pegged at $233 million, suggesting a 16.5% year-over-year rise.
The consensus estimate for Latin America is pegged at $605 million, indicating a 17% year-over-year increase.
The Zacks Consensus Estimate for Europe, the Middle East and Africa sales stands at $181 million, calling for a 5.8% year-over-year rise.
The consensus estimate for Asia is pegged at $324 million, reflecting a 5.9% year-over-year increase.
Some Factors at Play
FMC Corp is likely to have witnessed demand strength for its products and higher pricing in the third quarter.
The company is likely to have gained from higher demand for its products in the quarter to be reported. It is seeing healthy demand for its industry leading products, driven by strong global agricultural market fundamentals. There is healthy demand in North America backed by high crop commodity prices.
Strong demand is also being witnessed in corn, sugarcane and soybean applications in Brazil, aided by higher planted areas and high commodity prices. Demand for herbicides also remains strong in Australia. FMC Corp is also seeing strength in its insecticide portfolio in Asia. Higher demand is expected to have supported third-quarter volumes.
FMC Corp’s new products are also likely to have contributed to the company's results in the September quarter. The company is focused on boosting its market position and strengthening its product portfolio. It is investing in technologies and products and new launches to enhance farmers’ value.
However, FMC Corp is likely to have witnessed cost headwinds in the third quarter. The supply bottlenecks, exacerbated by the Russia-Ukraine conflict, have resulted in rising costs of some raw materials and active ingredients. Higher raw materials and logistics costs might have impacted its performance in the quarter to be reported.
It is also likely to have faced currency headwinds in the quarter, led by the weakening of European currencies. Currency headwinds are expected to have been a drag on its performance.
Our proven model does not conclusively predict an earnings beat for FMC this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: Earnings ESP for FMC is -1.52%. The Zacks Consensus Estimate for earnings for the third quarter is currently pegged at $1.10. Our estimate for the quarter is $1.07. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: FMC currently carries a Zacks Rank #3.
Stocks That Warrant a Look
Here are some companies in the basic materials space you may want to consider, as our model shows these have the right combination of elements to post an earnings beat this quarter:
The consensus estimate for Albemarle’s third-quarter earnings has been revised 1% upward in the past 60 days. The Zacks Consensus Estimate for ALB’s earnings for the quarter is pegged at $6.84.
Koppers Holdings Inc. (KOP - Free Report) , slated to release earnings on Nov 4, has an Earnings ESP of +2.28% and carries a Zacks Rank #2.
The Zacks Consensus Estimate for Koppers’ third-quarter earnings has been revised 2.6% upward in the past 60 days. The consensus estimate for KOP’s earnings for the quarter is currently pegged at $1.17.
ATI Inc. (ATI - Free Report) , scheduled to release earnings on Nov 2, has an Earnings ESP of +1.15%.
The Zacks Consensus Estimate for ATI's earnings for the third quarter is currently pegged at 52 cents. ATI currently carries a Zacks Rank #3.
Image: Bigstock
FMC Corp (FMC) to Post Q3 Earnings: What's in the Cards?
FMC Corporation (FMC - Free Report) will release third-quarter 2022 results after the closing bell on Nov 1. The company’s performance is likely to have gained from higher demand, pricing and new products. However, higher raw material costs and unfavorable currency translation are likely to have affected its results.
The company beat the Zacks Consensus Estimate for earnings in each of the last four quarters. FMC has a trailing four-quarter earnings surprise of around 7.4%, on average. The company posted an earnings surprise of around 1.6% in the last reported quarter.
Shares of FMC have increased 27.5% in the past year against an 11.8% decline of the industry.
Image Source: Zacks Investment Research
Let’s see how things are shaping up for this announcement.
What do the Estimates Say?
The Zacks Consensus Estimate for third-quarter sales for FMC is currently pegged at $1,341 million, suggesting a 12.3% rise year over year. Our estimate for the quarter is $1,337.2 million.
The Zacks Consensus Estimate for North America revenue is currently pegged at $233 million, suggesting a 16.5% year-over-year rise.
The consensus estimate for Latin America is pegged at $605 million, indicating a 17% year-over-year increase.
The Zacks Consensus Estimate for Europe, the Middle East and Africa sales stands at $181 million, calling for a 5.8% year-over-year rise.
The consensus estimate for Asia is pegged at $324 million, reflecting a 5.9% year-over-year increase.
Some Factors at Play
FMC Corp is likely to have witnessed demand strength for its products and higher pricing in the third quarter.
The company is likely to have gained from higher demand for its products in the quarter to be reported. It is seeing healthy demand for its industry leading products, driven by strong global agricultural market fundamentals. There is healthy demand in North America backed by high crop commodity prices.
Strong demand is also being witnessed in corn, sugarcane and soybean applications in Brazil, aided by higher planted areas and high commodity prices. Demand for herbicides also remains strong in Australia. FMC Corp is also seeing strength in its insecticide portfolio in Asia. Higher demand is expected to have supported third-quarter volumes.
FMC Corp’s new products are also likely to have contributed to the company's results in the September quarter. The company is focused on boosting its market position and strengthening its product portfolio. It is investing in technologies and products and new launches to enhance farmers’ value.
However, FMC Corp is likely to have witnessed cost headwinds in the third quarter. The supply bottlenecks, exacerbated by the Russia-Ukraine conflict, have resulted in rising costs of some raw materials and active ingredients. Higher raw materials and logistics costs might have impacted its performance in the quarter to be reported.
It is also likely to have faced currency headwinds in the quarter, led by the weakening of European currencies. Currency headwinds are expected to have been a drag on its performance.
FMC Corporation Price and EPS Surprise
FMC Corporation price-eps-surprise | FMC Corporation Quote
Zacks Model
Our proven model does not conclusively predict an earnings beat for FMC this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: Earnings ESP for FMC is -1.52%. The Zacks Consensus Estimate for earnings for the third quarter is currently pegged at $1.10. Our estimate for the quarter is $1.07. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: FMC currently carries a Zacks Rank #3.
Stocks That Warrant a Look
Here are some companies in the basic materials space you may want to consider, as our model shows these have the right combination of elements to post an earnings beat this quarter:
Albemarle Corporation (ALB - Free Report) , scheduled to release earnings on Nov 2, has an Earnings ESP of +3.64% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for Albemarle’s third-quarter earnings has been revised 1% upward in the past 60 days. The Zacks Consensus Estimate for ALB’s earnings for the quarter is pegged at $6.84.
Koppers Holdings Inc. (KOP - Free Report) , slated to release earnings on Nov 4, has an Earnings ESP of +2.28% and carries a Zacks Rank #2.
The Zacks Consensus Estimate for Koppers’ third-quarter earnings has been revised 2.6% upward in the past 60 days. The consensus estimate for KOP’s earnings for the quarter is currently pegged at $1.17.
ATI Inc. (ATI - Free Report) , scheduled to release earnings on Nov 2, has an Earnings ESP of +1.15%.
The Zacks Consensus Estimate for ATI's earnings for the third quarter is currently pegged at 52 cents. ATI currently carries a Zacks Rank #3.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.