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Mosaic (MOS) Beats Q4 Earnings, Revenue Estimates

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The Mosaic Company (MOS - Free Report) is a leading producer and marketer of concentrated phosphate and potash for the global agriculture industry. It is the largest producer of finished phosphate products globally.

Mosaic remains committed to expand its annual potash production capacity. The company is expected to gain from acquisitions and its cost cutting initiatives. However, the company is facing challenges from a weak pricing environment. The company is also exposed to volatility in raw materials pricing.

Let’s have a quick look at this fertilizer company’s fourth-quarter release.

Estimate Trend & Surprise History

Investors should note that the earnings estimate for Mosaic for the fourth quarter has seen an uptrend over the past month. Mosaic has beaten the Zacks Consensus Estimate in 2 of the trailing 4 quarters, while missing once and coming in line on the other occasion, with an average positive surprise of 38.45%.

Mosaic Company (The) Price and EPS Surprise

 

Mosaic Company (The) Price and EPS Surprise | Mosaic Company (The) Quote

Earnings

Mosaic’s adjusted earnings were 26 cents per share for the quarter, beating the Zacks Consensus Estimate of 12 cents.

Revenues

Mosaic recorded net sales of $1,862 million, down roughly 13.9% year over year. That also beat the Zacks Consensus Estimate of $1,816 million.

Key Stats/Developments to Note

Mosaic expects phosphates sales volumes in the band of 2 million to 2.3 million tons for the first quarter of 2017 versus 2.2 million tons for the same quarter in 2016. Potash sales volumes have been forecast in the range of 2.15 million to 2.3 million tons for the first quarter, compared with 1.5 million tons in the prior year quarter. Total sales volumes for the International Distribution segment are expected to range from 1.2 to 1.5 million tons for the first quarter, compared with 1.3 million tons in 2016.

Zacks Rank

Mosaic currently has a Zacks Rank #3 (Hold).

Market Reaction

Mosaic’s shares did not show any movement in pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.

Check back later for our full write up on Mosaic’s earnings report!

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