For the quarter ended June 2024, Nutrien (NTR) 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 ...

In its upcoming report, Nutrien (NTR) is predicted by Wall Street analysts to post quarterly earnings of $2.13 per share, reflecting a decline of 15.8% compared to the same period last year. Revenues are forecasted to be $10.89 billion, representing a year-over-year decrease of 6.5%. The consensus EPS estimate for the quarter has been revised 1.9% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during ...

The market expects Nutrien (NTR) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price c ...

The senior notes will be unsecured and will rank on an equal footing with the current senior unsecured debt of Nutrien. CIBC World Markets Corp., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and RBC Capital Markets, LLC are the joint book-running managers for the offering. For potash, the company's sales volume guidance, estimated between 13 and 13.8 million tons, assumes a more balanced distribution of volumes between the first and second halves compared with the prior year. The nitrogen sales volum ...

The company's shares are down 6.1% over a year, compared with an 11.5% decline recorded by its industry. Healthy Demand, Acquisitions and Cost Cuts Aid NTR The company should also gain from acquisitions and increased adoption of its digital platform. It continues to expand its footprint in Brazil through acquisitions. NTR completed a number of acquisitions in 2023 and expects to continue pursuing targeted opportunities in its core markets this year. Softer fertilizer prices are expected to weigh on the comp ...

USA News Group Commentary Issued on behalf of Bee Vectoring Technologies International Inc. VANCOUVER, BC, June 4, 2024 /PRNewswire/ -- USA News Group – The threat of the world's food supply for the future is now being amplified by atomic scientists, calling for the need to act now to ensure global food security and reduce agricultural greenhouse gas emissions. Back in April, the United Nations published two releases on the bioeconomy, from its UN Food and Agriculture Organisation (FAO) and UN Environment A ...

Nutrien Ltd.'s (NTR) shares have shot up 15% over the past three months. The company has also outperformed its industry's rise of 3.3% over the same time frame. It has also topped the S&P 500's roughly 2% rise over the same period. Let's dive into the factors behind this fertilizer maker's stock price appreciation. What's Aiding NTR? Forecast-topping earnings performance in the first quarter of 2024 and upbeat prospects have contributed to the rally in the company's shares. NTR's adjusted earnings per share ...

Nutrien Ltd. (NTR) is expected to gain from higher demand for crop nutrients, its actions to reduce costs and strategic acquisitions. However, weaker fertilizer prices are likely to weigh on its performance. The fertilizer maker's shares are down 4.1% over a year compared with a 5.3% rise recorded by its industry. Image Source: Zacks Investment Research Nutrien is well-placed to benefit from increased demand for fertilizers, backed by the strength in global agriculture markets. It is seeing strong demand in ...

Kenneth Seitz From that standpoint, as Ken just mentioned, the last week, we've seen some recovery in commodity pricing, which comes at a great time when we're really engaged in putting our inputs across these acres. And as Ken mentioned, our growers are coming off really 3 to 4 years of a very healthy environment for agriculture. We still see balance sheets as extremely strong. And as indicative of activity in the first quarter, we think the growers are very engaged and put the inputs needed to produce a t ...

USA News Group Commentary Issued on behalf of Bee Vectoring Technologies International Inc. VANCOUVER, BC, May 9, 2024 /PRNewswire/ -- USA News Group – In order to help farmers advance conservation and climate-smart agriculture, the USDA recently made $1.5 billion available as part of US President Biden's Investing in America Agenda. The newly-available capital is part of several climate-smart agriculture investments the USDA has made since the beginning of the current Administration's reign, which have bee ...