Monsanto (MON) is set to announce its 1Q18 earnings on January 4, 2018, with an EPS (earnings per share) of $0.42. Its EPS will almost double from $0.21 per share in 1Q17. So far this year, the stock has underperformed the benchmark indexes.
Monsanto’s stock performance
As of December 22, Monsanto has returned ~10.4% year-to-date. The stock closed at $116.3 on the same day. The S&P 500 Index (SPY) returned ~18.8% and the VanEck Vectors Agribusiness ETF (MOO) returned 19.1% during the same period. FMC (FMC) returned 67.4%, while Scotts Miracle-Gro (SMG) returned 8.2% during this period.
Merger and quarterly results
With each passing month, we get closer to the Monsanto-Bayer merger. It’s expected to close in 1H18. Earlier, the merger was expected to close by the end of 2017. Regulatory approvals from Brazil, the European Union, Russia, and the US pushed back the completion date.
To learn about some of the regulators’ concerns, read The Bayer-Monsanto Merger Deal: An Update.
Until the merger is complete, we’ll continue to provide Monsanto’s quarterly and annual earnings updates.
In this series, we’ll discuss analysts’ estimates for Monsanto’s key income statement line items like sales, margins, and earnings estimates.