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Analysts’ Estimates for Agrium in 3Q16

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Agrium’s earnings date

Agrium (AGU) is set to announce its 3Q16 earnings on November 3, 2016, before the market opens. It will hold the earnings conference call the same day. Agrium’s performance is generally more stable than peers’.

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Performance so far

Agrium is among the few fertilizer companies to have seen a positive return this year. The stock has risen 2.3% YTD (year-to-date). Terra Nitrogen (TNH) is also in positive territory, with a YTD return of 2.8%. Peers PotashCorp (POT), Mosaic (MOS), and CF Industries (CF) have all been in negative territory this year.

However, despite its positive performance, Agrium has not beat the benchmark S&P 500 (SPY), which has returned 6.4% YTD, nor the VanEck Vectors Agribusiness ETF (MOO), which has returned 8.4%.

A stable company

Agrium has proven to be more stable than peers, primarily because of its huge exposure to the retail business in the United States, which is why PotashCorp has agreed to a merger with the company. Read PotashCorp and Agrium: Another Merger in the Agribusiness Space for more information on the merger.

Series overview

The merger is expected to be completed next year. Meanwhile, the company will continue to function as its own entity. In this 3Q16 earnings preview, we’ll discuss key estimates for Agrium’s sales, margins, and earnings per share. We’ll finish the series with a look at analysts’ ratings for the company and price target updates.

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