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Mosaic (MOS) Announces Revenues and Sales Volume for May

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

The Potash segment recorded a sales volume of 744,000 tons in May, down 16.5% from 891,000 tons in the year-ago period. Revenues amounted to $539 million, up around 119.1% from $246 million in the prior-year period.

The Mosaic Fertilizantes segment’s sales volume dropped 1% to 782,000 tons from 790,000 tons last year. Revenues surged around 133.9% to $786 million from $336 million recorded last year.

The Phosphates segment recorded a sales volume of 462,000 tons, down around 16.5% from 553,000 tons a year ago. Revenues in the segment were $502 million, up around 53.5% from $327 million a year ago.

Shares of Mosaic have soared 60.2% in the past year compared with a 46.2% 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 potash and phosphates. The upside can be attributed to 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.

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.

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, Cabot Corporation CBT and Nutrien Ltd. NTR.

Allegheny has a projected earnings growth rate of 1,030.8% for the current year. The Zacks Consensus Estimate for ATI's current-year earnings has been revised 40% upward in the past 60 days.

Allegheny’s earnings beat the Zacks Consensus Estimate in the last four quarters. It has a trailing four-quarter earnings surprise of roughly 128.9%, on average. ATI has gained around 1% 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.

Cabot, currently sporting a Zacks Rank #1, has an expected earnings growth rate of 22.5% for the current year. The Zacks Consensus Estimate for CBT's earnings for the current year has been revised 6% 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 9.1% over a year.

Nutrien has a projected earnings growth rate of 174.6% for the current year. The Zacks Consensus Estimate for NTR’s current-year earnings has been revised 30.7% 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 41.7% in a year. The company flaunts a Zacks Rank #1.


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