From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.įrom thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. The consensus estimate for PAAS’ earnings for the first quarter is currently pegged at 7 cents. The Zacks Consensus Estimate for Pan American Silver’s first-quarter earnings has been revised 133.3% upward in the past 60 days. PAAS, scheduled to release earnings on May 10, has an Earnings ESP of +28.57% and currently carries a Zacks Rank #2.
The consensus estimate for Air Products’ earnings for the fiscal second quarter is currently pegged at $2.64. APD, slated to release earnings on May 9, has an Earnings ESP of +2.25%. KOP currently carries a Zacks Rank #3.Īir Products and Chemicals, Inc. The Zacks Consensus Estimate for Koppers’ earnings for the first quarter is pegged at 76 cents. You can see the complete list of today’s Zacks #1 Rank stocks here. KOP, slated to release earnings on May 5, has an Earnings ESP of +12.66%. 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: Zacks Rank: Mosaic currently carries a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. The Zacks Consensus Estimate for earnings for the first quarter is currently pegged at $1.28. But that’s not the case here.Įarnings ESP: Earnings ESP for Mosaic is -6.19%. 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. Our proven model does not conclusively predict an earnings beat for Mosaic this season. The Mosaic Company price-eps-surprise | The Mosaic Company Quote The Mosaic Company Price and EPS Surprise Lower fertilizer prices are expected to have weighed on the company’s profitability. Moreover, prices of phosphate and potash retreated in the back half of 2022 from their peak levels attained in the first half riding on the impacts of the Russia-Ukraine war and disruptions due to the sanctions in Belarus. Pricing and cost pressure are likely to have continued in the first quarter. Higher input costs also impacted margins in these businesses. Gross margin in this unit declined around 88% year over year in the fourth quarter of 2022, hut by a decline in prices that impacted distribution and production businesses. Higher costs are also likely to have impacted margins in the Mosaic Fertilizantes segment in the first quarter. Some impacts of input cost inflation are likely to have continue in the first quarter.
The company is expected to have faced margin pressure associated higher input costs.
Plant shutdowns and maintenance have also led to a tight supply of raw materials. Prices of sulfur and ammonia remain elevated, made worse by the uncertainties over the supply from Russia amid the war. However, Mosaic is expected to have faced headwinds from high prices of key raw material in the quarter to be reported. Transformational savings are also likely to have supported margins in the March quarter. Its actions to improve its operating cost structure through transformation plans are expected to have boosted its profitability. The company is also likely to have gained from actions to reduce costs amid a still-challenging operating environment. Demand for grains and oilseeds remains high along with strong farm economics. Farmer economics remains attractive in most global growing regions on strong crop demand, affordable inputs, and favorable weather. Higher agricultural commodity prices and attractive farm economics are driving demand for fertilizers globally. Mosaic is expected to have benefited from favorable demand for phosphate and potash in the first quarter. The Zacks Consensus Estimate for net sales in the Mosaic Fertilizantes segment is currently pegged at $1,276 million, which calls for a decrease of 14.2% year over year. Moreover, the consensus mark for net sales in the Potash segment is currently pegged at $848 million, indicating a decline of 20% year over year.
The Zacks Consensus Estimate for net sales in the Phosphates segment is currently pegged at $1,248 million, suggesting a decline of 16.6% year over year. The Zacks Consensus Estimate for Mosaic’s first-quarter consolidated sales is currently pegged at $3,337 million, calling for a decline of 14.9% from the year-ago quarter’s tally. Let’s see how things are shaping up for this announcement.
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