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CF Industries' 3Q17 Earnings and the Market's Reaction

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CF Industries' 3Q17 Earnings and the Market's Reaction PART 1 OF 6

CF Industries’ 3Q17 Earnings and the Market’s Reaction

CF Industries’ earnings

CF Industries (CF) released its earnings on November 1 after the markets closed. The company reported a loss per share of $0.37. On an adjusted basis, the company reported a loss per share of $0.39.

CF Industries&#8217; 3Q17 Earnings and the Market&#8217;s Reaction

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Market reaction

Following the company’s earnings, the market response was broadly positive. The stock closed 1.5% higher on November 2 and was 1.6% higher to $38.6 on November 3. Over this period, the S&P 500 Index (SPY) rose by 49 basis points.

Over this period, Terra Nitrogen (TNH) stock rose as much as 13% to $87.8 per share while CVR Partners (UAN) fell 2% to $3.5 per share. When we look at the other major players, Agrium (AGU) and PotashCorp (POT), we see they also closed in negative territory.

While the company reported a net loss during the quarter, the positive response from the market was due to the better-than-expected results. Fertilizer prices remained challenging during the quarter.

Read how PotashCorp performed in its recent 3Q17 earnings in How PotashCorp’s 3Q17 Results Pulled down the Stock.

Series overview

In this series, we’ll review CF Industries’ 3Q17 performance. We’ll discuss key metrics such as sales, shipments, realized prices, and margins for the company. We’ll also look at some Wall Street analysts’ price target upgrades following CF Industries’ earnings release.

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