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Mosaic (MOS) Outpaces Stock Market Gains: What You Should Know
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Mosaic (MOS - Free Report) closed at $44.43 in the latest trading session, marking a +0.86% move from the prior day. This change outpaced the S&P 500's 0.09% gain on the day. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 4.87%.
Heading into today, shares of the fertilizer maker had gained 3.92% over the past month, outpacing the Basic Materials sector's gain of 1.87% and the S&P 500's gain of 3.31% in that time.
Mosaic will be looking to display strength as it nears its next earnings release, which is expected to be May 3, 2023. The company is expected to report EPS of $1.28, down 46.89% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.34 billion, down 14.93% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.79 per share and revenue of $14.53 billion. These totals would mark changes of -38.33% and -24.01%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Mosaic. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 10.05% lower. Mosaic is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note Mosaic's current valuation metrics, including its Forward P/E ratio of 6.49. This represents a discount compared to its industry's average Forward P/E of 7.52.
It is also worth noting that MOS currently has a PEG ratio of 0.93. 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. Fertilizers stocks are, on average, holding a PEG ratio of 1.02 based on yesterday's closing prices.
The Fertilizers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 243, which puts it in the bottom 4% 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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Mosaic (MOS) Outpaces Stock Market Gains: What You Should Know
Mosaic (MOS - Free Report) closed at $44.43 in the latest trading session, marking a +0.86% move from the prior day. This change outpaced the S&P 500's 0.09% gain on the day. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 4.87%.
Heading into today, shares of the fertilizer maker had gained 3.92% over the past month, outpacing the Basic Materials sector's gain of 1.87% and the S&P 500's gain of 3.31% in that time.
Mosaic will be looking to display strength as it nears its next earnings release, which is expected to be May 3, 2023. The company is expected to report EPS of $1.28, down 46.89% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.34 billion, down 14.93% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.79 per share and revenue of $14.53 billion. These totals would mark changes of -38.33% and -24.01%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Mosaic. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 10.05% lower. Mosaic is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note Mosaic's current valuation metrics, including its Forward P/E ratio of 6.49. This represents a discount compared to its industry's average Forward P/E of 7.52.
It is also worth noting that MOS currently has a PEG ratio of 0.93. 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. Fertilizers stocks are, on average, holding a PEG ratio of 1.02 based on yesterday's closing prices.
The Fertilizers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 243, which puts it in the bottom 4% 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.