PotashCorp: Analysts’ 3Q17 Earnings Estimates

PotashCorp (POT) hasn’t had stellar earnings in the past few quarters. The company reported a year-over-year fall in the EPS (earnings per share) in three of the past four quarters. Lower earnings growth impacted the stock price, which has underperformed the S&P 500 Index (SPY) so far this year. Let’s look at analysts’ expectations for the company’s upcoming quarter release and the next four quarters.

PotashCorp is expected to report an EPS of $0.11, which will be flat compared to 3Q16. However, earnings growth is expected in the next four quarters. Analysts estimate an EPS of $0.57, which will grow 9.6% YoY from $0.52 per share in the last four quarters.

In the past few quarters, the industry has experienced lackluster growth. There was weak growth across the board for fertilizer companies (MXI) like Agrium (AGU), Mosaic (MOS), Intrepid Potash (IPI).