CF Industries (CF), one of the largest producers of nitrogen fertilizers in North America, is set to report its 1Q17 earnings on May 3, 2017, after the market closes. Analysts estimate CF’s earnings to come in at -$0.39 per share, which would be a steep decline from $0.40 in 1Q16.
Before we dig deeper into analysts’ earnings expectations for CF Industries, let’s look at how the stock has performed compared to its benchmarks.
On a trailing 52-week basis, CF stock has fallen 15.2% and was trading at $27.20 on April 26, 2017. Among the benchmarks, the VanEck Vector Agribusiness ETF (MOO) has returned 16.8% and the SPDR S&P 500 ETF (SPY) has returned 15.2% over the same period.
Among CF Industries’ peers, PotashCorp (POT) has fallen 2.2%, while CVR Partners (UAN) has fallen 41.8% over the same period. On the other hand, Agrium (AGU) has returned 5% on a trailing 52-week basis.
In this series, we’ll look at analysts’ earnings expectations for CF Industries (CF). We’ll also look at forecasts for some key financial metrics such as revenues, profit margins, and capital outlay over the next 12 months.
We’ll compare CF Industries’ valuation multiple with its peers. We’ll also look at the latest changes in analysts’ recommendations and price targets for the stock.