| Potash Corp. (POT) Q4 Earnings & Sales Miss Estimates | |
| | |
|
Potash Corp. of Saskatchewan, Inc. POT is a fertilizer company producing three primary plant nutrients – potash, phosphate and nitrogen.
Potash Corp. has a competitive advantage stemming from its mining rights to the world's largest potash reserve. The company has a strong geographic diversification as most of the potash is sent offshore. Moreover, Potash Corp. continues to invest in expanding its operational capability in potash.
However, Potash Corp. faces earnings headwinds associated with amendments to potash taxation in conjunction with the government of Saskatchewan's 2015-16 provincial budget. It is also exposed to a volatile pricing environment.
Let’s have a quick look at the company’s fourth-quarter 2015 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Potash Corp. for the fourth quarter has remained static over the last month. The company has missed the Zacks Consensus Estimate in 3 of the trailing 4 quarters with an average negative surprise of 4.97%.
Earnings
Potash Corp. delivered earnings of 24 cents per share for the quarter. That missed the Zacks Consensus Estimate of 30 cents.
Revenues
Potash Corp. reported revenues of $1,354 million, down 28.8% year over year. That missed the Zacks Consensus Estimate of $1,488 million.
Key Developments to Note
Potash Corp expects its potash sales volumes for 2016 to be in the band of 8.3-9.1 million tons. The company also anticipates its full-year 2016 earnings in the range of 90 cents to $1.20 per share. Potash Corp. also anticipates earnings for the first quarter of 2016 to be in the range of 10-20 cents per share.
Zacks Rank
Currently, Potash Corp. has a Zacks Rank #4 (Sell), which reflects the headwinds faced by the company.
Market Reaction
Potash Corp’s shares were down 3.8% following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Potash Corp’s earnings report!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report POTASH SASK (POT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
|
|
|
Potash Corporation of Saskatchewan Inc.
|
|
|
CODE : POT.TO |
ISIN : CA73755L1076 |
CUSIP : 73755L1076 |
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Potash Corp. is a producing company based in Canada. Potash Corp. is listed in Canada. Its market capitalisation is CA$ 21.7 billions as of today (US$ 17.2 billions, € 14.4 billions). Its stock quote reached its lowest recent point on March 24, 1995 at CA$ 10.00, and its highest recent level on September 21, 2007 at CA$ 99.07. Potash Corp. has 840 009 984 shares outstanding. |