| Potash Corp. (POT) Q4 Earnings & Sales Miss Estimates | |
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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 $1.20 per share. Potash Corp. also anticipates earnings for the first quarter of 2016 to be in the range of 10-20 cents per share.
Zacks Rank
Currently, Potash Corp. has a Zacks Rank #4 (Sell), which reflects the headwinds faced by the company.
Market Reaction
Potash Corp’s shares were down 3.8% following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Potash Corp’s earnings report!
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Potash Corporation of Saskatchewan Inc.
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CODE : POT.TO |
ISIN : CA73755L1076 |
CUSIP : 73755L1076 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Potash Corp. est une société de production minière basée au Canada. Potash Corp. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 21,7 milliards CA$ (17,2 milliards US$, 14,4 milliards €). La valeur de son action a atteint son plus bas niveau récent le 24 mars 1995 à 10,00 CA$, et son plus haut niveau récent le 21 septembre 2007 à 99,07 CA$. Potash Corp. possède 840 009 984 actions en circulation. |