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What’s in Store for Agrium’s 1Q17 Earnings?

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Nov. 20 2020, Updated 3:38 p.m. ET

Agrium’s earnings

Agrium (AGU) is set to report its 1Q17 earnings on May 1, 2017, after the market closes. So far this year, the company is trading 8.9% below its price at the start of this year. Agrium is set to merge with PotashCorp (POT) by the end of the year. In this article, we’ll look at Agrium’s performance compared to its peers. To learn more about the agricultural fertilizer industry, read Agricultural Fertilizer Industry: Your Comprehensive Overview.

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Earnings and stock performance

For 1Q17, Wall Street analysts are estimating that the company will report EPS (earnings per share) of -$0.05 per share. Later in this series, we’ll discuss how this estimate compares with the company’s performance a year ago.

Year-over-year, Agrium has risen an impressive 9.5% as of April 19, 2017. Compare this to PotashCorp, which has risen just 12 basis points, and Mosaic (MOS), which is up 2.8%. On the other hand, CF Industries (CF) has returned -14.3% over the same period.

However, these companies have underperformed compared to benchmarks such as the VanEck Vectors Agribusiness ETF (MOO) and the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 Index.

Series overview

In this series, we’ll primarily discuss analysts’ estimates for Agrium’s upcoming 1Q17 earnings. We’ll discuss estimates for key financial metrics, valuation multiples, analyst target prices, and recommendations for the next 12 months.

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