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Factors Driving the Latest Surge in Agricultural Chemical Stocks

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Part 4
Factors Driving the Latest Surge in Agricultural Chemical Stocks PART 4 OF 4

How Analysts’ Earnings Estimates for CMP, SMG, and ICL Have Changed

Other chemical stocks

In this concluding part of the series, we’ll cover analysts’ EPS (earnings per share) revisions for Compass Minerals International (CMP) and ScottsMiracle-Gro (SMG). We featured these stocks in Your Top 10 Agricultural Chemicals Stocks. Monsanto (MON) and PotashCorp (POT) were also included on that list of agricultural chemicals (MXI).

How Analysts&#8217; Earnings Estimates for CMP, SMG, and ICL Have Changed

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Analysts’ revisions

Month-over-month, Wall Street analysts revised the fiscal 2018 EPS estimates for Compass Minerals International, ScottsMiracle-Gro, and Israel Chemicals (ICL) downward in September. Compass Minerals International’s earnings per share were revised down 2.0% from $4.13 to $4.05.

ScottsMiracle-Gro’s estimated earnings per share were revised down 1.0% from $4.56 to $4.53 for fiscal 2018. Israel Chemicals’ (ICL) EPS estimates were revised down 11.0% month-over-month from $0.37 to $0.33 per share.

Israel Chemicals stock has returned almost 10.0% YTD (year-to-date). The company’s Potash segment got a lift from potash prices firming up this year. However, its Phosphate segment could benefit from Mosaic’s loss in Florida as a result of Hurricane Irma.

ScottsMiracle-Gro (SMG) stock has priced in the upside resulting from the company’s acquisition of its Hydroponics and Indoor Gardening businesses. Over the last month, SMG rose 2.4%, and it has risen 1.4% year-to-date.

For ongoing industry updates, please visit Market Realist’s Agricultural Fertilizers page.

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