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Mosaic (MOS) Announces Revenues and Sales Volume for April

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The Mosaic Company MOS announced sales volume and revenues for April 2022 by business unit.

The Potash segment recorded a sales volume of 692,000 tons in April, down 6.6% from 741,000 tons in the year-ago period. Revenues were $438 million, up around 121.2% from $198 million in the prior-year period.

The Mosaic Fertilizantes segment’s sales volume rose 39.9% to 642,000 tons from 459,000 tons last year. Revenues surged around 212.7% to $641 million from $205 million recorded last year.

The Phosphates segment recorded a sales volume of 497,000 tons, down around 33.2% from 744,000 tons a year ago. Revenues in the segment were $524 million, up around 28.7% from $407 million a year ago.

Shares of Mosaic have soared 75.4% in the past year compared with a 57.7% surge of the industry.

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In its last earnings call, the company stated that it expects higher annual production across its global platform in both potash and phosphates, led by the completed ramp-up of Esterhazy K3, a higher run-rate at Colonsay and recovery of phosphate output from its North American operations. The company forecasts total capital expenditures of $1.3 billion for full-year 2022. It projects selling, general and administrative expenses in the range of $400-$420 million.

Mosaic expects Phosphate segment sales volumes of 1.9-2.1 million tons and Potash sales volumes of 2.4-2.6 million tons for the second quarter. For phosphates, DAP prices on a FOB basis for the second quarter are expected to be $140-$160 per ton higher on a sequential comparison basis. For potash, MOP prices on a FOB basis are expected to be $40-$60 per ton higher sequentially.

The Mosaic Company Price and Consensus

 

The Mosaic Company Price and Consensus
The Mosaic Company Price and Consensus

The Mosaic Company price-consensus-chart | The Mosaic Company Quote

 

Zacks Rank & Key Picks

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

Some better-ranked stocks in the basic materials space are Allegheny Technologies Inc. ATI, Nutrien Ltd. NTR and Cabot Corporation CBT.

Allegheny has a projected earnings growth rate of 869.2% for the current year. The Zacks Consensus Estimate for ATI's current-year earnings has been revised 27.3% upward in the past 60 days.

Allegheny’s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 128.9%, on average. ATI has gained around 16.7% in a year and currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Nutrien has a projected earnings growth rate of 161.9% for the current year. The Zacks Consensus Estimate for NTR’s current-year earnings has been revised 26.9% upward in the past 60 days.

Nutrien’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average being 5.8%. NTR has gained 68% in a year. The company flaunts a Zacks Rank #1.

Cabot, currently sporting a Zacks Rank #1, has an expected earnings growth rate of 21.5% for the current year. The Zacks Consensus Estimate for CBT's earnings for the current year has been revised 5.2% upward in the past 60 days.

Cabot’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average being 16.2%. CBT has gained around 12.9% over a year.


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