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Nutrien (NTR) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended June 2024, Nutrien (NTR - Free Report) reported revenue of $10.16 billion, down 12.9% over the same period last year. EPS came in at $2.34, compared to $2.53 in the year-ago quarter.

The reported revenue represents a surprise of -6.77% over the Zacks Consensus Estimate of $10.89 billion. With the consensus EPS estimate being $2.13, the EPS surprise was +9.86%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Nutrien performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Tonnes Sold - Potash - Total

    : 3,563 KTon compared to the 3,384.32 KTon average estimate based on four analysts.
  • Tonnes Sold - Nitrogen

    : 2,818 KTon versus the four-analyst average estimate of 2,863.82 KTon.
  • Crop Nutrients Sales Volumes in tonnes - Total

    : 5,423 KTon versus 5,249.85 KTon estimated by four analysts on average.
  • Crop Nutrients Sales Volumes in tonnes - International

    : 1,125 KTon compared to the 1,111.96 KTon average estimate based on four analysts.
  • Sales- Retail Total

    : $8.07 billion versus $8.68 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -11.6% change.
  • Net Sales- Eliminations

    : -$336 million versus -$485.41 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -25.8% change.
  • Net Sales- Phosphate

    : $394 million versus the four-analyst average estimate of $385.10 million. The reported number represents a year-over-year change of -21.5%.
  • Sales- Phosphate

    : $451 million versus the four-analyst average estimate of $451.54 million. The reported number represents a year-over-year change of -19.5%.
  • Sales- Retail (Nutrient Ag Solutions)- Crop protection products

    : $2.73 billion versus $2.96 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -11% change.
  • Net Sales- Potash

    : $756 million versus the four-analyst average estimate of $823.72 million. The reported number represents a year-over-year change of -25.1%.
  • Sales- Nitrogen

    : $1.19 billion versus $1.24 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -13.4% change.
  • Sales- Potash

    : $836 million versus $923.13 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -25.1% change.
View all Key Company Metrics for Nutrien here>>>

Shares of Nutrien have returned -2.8% over the past month versus the Zacks S&P 500 composite's -5.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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