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 ...

Core Viewpoint - Nutrien Ltd. (NTR) has experienced a significant stock price increase of 15% over the past three months, outperforming both its industry and the S&P 500 index, driven by strong earnings performance and positive market conditions [1]. Group 1: Financial Performance - In Q1 2024, Nutrien reported adjusted earnings per share of 46 cents, exceeding the Zacks Consensus Estimate of 36 cents [2]. - Sales for the quarter were $5,389 million, a 12% year-over-year decline, but still above the Zacks Consensus Estimate of $5,375.6 million [2]. - The company benefited from increased earnings in its Retail division, higher fertilizer sales volumes, and reduced natural gas costs, which helped offset the decline in fertilizer selling prices [2]. Group 2: Market Demand - Nutrien is experiencing increased demand for fertilizers, particularly in North America, driven by strong agricultural market conditions [3]. - Sales volumes in North America rose due to lower channel inventory and more typical purchasing behavior, while offshore sales volumes increased due to heightened demand in key international markets [3]. - Global potash demand is expected to rise due to strong grower economics, improved affordability, and low inventory levels [4]. Group 3: Operational Efficiency - The company is focused on cost and operational efficiency initiatives to enhance performance, particularly in the potash business [5]. - Nutrien has announced strategic actions to reduce controllable costs and boost free cash flow, alongside benefiting from lower natural gas costs [5][6]. - The company is expanding its footprint in Brazil through acquisitions and continues to pursue targeted opportunities in its core markets [6].

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 ...

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 ...

Nutrien Ltd. (NTR) recorded profits of $165 million or 32 cents per share in first-quarter 2024, down from $576 million or $1.14 in the year-ago quarter.Barring one-time items, adjusted earnings per share were 46 cents. The bottom line beat the Zacks Consensus Estimate of 36 cents.Sales fell around 12% year over year to $5,389 million in the quarter. Nevertheless, the figure beat the Zacks Consensus Estimate of $5,375.6 million.A decline in net fertilizer selling prices negatively impacted the company's fin ...