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Mosaic Shares Pop on 3Q17 Earnings

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Mosaic Shares Pop on 3Q17 Earnings PART 1 OF 5

Mosaic Shares Pop on 3Q17 Earnings

Mosaic’s 3Q17 earnings

Mosaic (MOS) reported its earnings on October 31, 2017. The company reported an EPS (earnings per share) of $0.65 per share, which included an impact of $0.22 per share from notable items. The notable items primarily included gains from foreign currency transactions and selling land. Without these items, the company’s adjusted EPS stood at $$0.43, which significantly beat analysts’ estimate of $0.18 for the quarter. Mosaic’s adjusted EPS grew 30% YoY (year-over-year) from $0.33 per share.

Mosaic Shares Pop on 3Q17 Earnings

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Market reaction

Since Mosaic’s earnings, its stock has risen as much as 8%. However, the stock continues to underperform benchmark indexes with a YTD (year-to-date) loss of 22.8%. The S&P 500 Index (SPY) has returned 15% during the same period.

Compared to other fertilizer stocks, Mosaic was one of the worst performers. For example, PotashCorp (POT) returned 8.5% during the same period, Agrium (AGU) returned ~9%, while CF Industries (CF) returned almost 21%.

Recently, PotashCorp released its 3Q17 earnings. To learn more about our coverage on the company, read How PotashCorp’s 3Q17 Results Pulled down the Stock.

Series overview

In this series, we’ll discuss Mosaic’s earnings results. We’ll discuss the company’s sales by segment and look at drivers that had a positive impact on Mosaic’s performance during 3Q17.

In the next part, we’ll discuss Mosaic’s revenue.

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