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What to Expect from Agrium's 3Q17 Earnings

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What to Expect from Agrium's 3Q17 Earnings PART 1 OF 5

What to Expect from Agrium’s 3Q17 Earnings

Agrium’s 3Q17 earnings

Agrium (AGU) is set to announce its 3Q17 earnings on November 7, 2017, after the market closes. Wall Street analysts expect that the company will report a loss per share of $0.05—compared to a loss per share of $0.03 in 3Q16. Before we discuss analysts’ expectations for Agrium, let’s look at its stock performance in the past year compared to the benchmark indexes.

What to Expect from Agrium&#8217;s 3Q17 Earnings

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Agrium’s performance

In the above chart, you can see that Agrium has underperformed the benchmark indexes like the S&P 500 Index (SPY) and the VanEck Vectors Agribusiness ETF (MOO). Agrium has returned ~16%, while SPY returned 21% and MOO returned ~22% during the past year.

Agrium is awaiting a merger with PotashCorp (POT). PotashCorp just released its 3Q17 earnings and provided updates on the merger. PotashCorp stated that it’s awaiting approvals from certain jurisdictions for the merger to proceed. In PotashCorp’s earnings results, the potash fertilizer segment’s performance showed strength. However, the phosphate and nitrogen segments remained weak, which could have a negative impact on other fertilizer companies including CF Industries (CF) and Mosaic (MOS). They will announce their earnings in the coming weeks.

To learn more, read How PotashCorp’s 3Q17 Results Pulled down the Stock.

Series overview

In this pre-earnings series, we’ll discuss analysts’ estimates for Agrium’s upcoming 3Q17 earnings. We’ll discuss the revenue, gross margins, EBITDA margins, and EPS (earnings per share).

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