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Nutrien (NTR) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Nutrien (NTR - Free Report) closed at $76.87, marking a -0.59% move from the previous day. This change lagged the S&P 500's daily loss of 0.08%. Elsewhere, the Dow lost 0.34%, while the tech-heavy Nasdaq added 11.55%.
Heading into today, shares of the producer of potash and other fertilizers had gained 0.64% over the past month, outpacing the Basic Materials sector's loss of 2.28% and the S&P 500's loss of 1.03% in that time.
Wall Street will be looking for positivity from Nutrien as it approaches its next earnings report date. The company is expected to report EPS of $2.76, up 11.74% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $7.61 billion, up 4.72% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Nutrien. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.05% lower. Nutrien is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Nutrien's current valuation metrics, including its Forward P/E ratio of 5.99. Its industry sports an average Forward P/E of 5.79, so we one might conclude that Nutrien is trading at a premium comparatively.
Meanwhile, NTR's PEG ratio is currently 0.75. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Fertilizers was holding an average PEG ratio of 0.75 at yesterday's closing price.
The Fertilizers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 217, which puts it in the bottom 14% 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) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Nutrien (NTR - Free Report) closed at $76.87, marking a -0.59% move from the previous day. This change lagged the S&P 500's daily loss of 0.08%. Elsewhere, the Dow lost 0.34%, while the tech-heavy Nasdaq added 11.55%.
Heading into today, shares of the producer of potash and other fertilizers had gained 0.64% over the past month, outpacing the Basic Materials sector's loss of 2.28% and the S&P 500's loss of 1.03% in that time.
Wall Street will be looking for positivity from Nutrien as it approaches its next earnings report date. The company is expected to report EPS of $2.76, up 11.74% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $7.61 billion, up 4.72% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Nutrien. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.05% lower. Nutrien is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Nutrien's current valuation metrics, including its Forward P/E ratio of 5.99. Its industry sports an average Forward P/E of 5.79, so we one might conclude that Nutrien is trading at a premium comparatively.
Meanwhile, NTR's PEG ratio is currently 0.75. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Fertilizers was holding an average PEG ratio of 0.75 at yesterday's closing price.
The Fertilizers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 217, which puts it in the bottom 14% 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.