How CVR Partners’ Sales Expectations Stack Up with Peers



Sales expectations

For the next four quarters, including the second-quarter earnings, CVR Partners’ (UAN) sales are expected to rise by as much as 16%.

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Quarterly sales growth

Wall Street analysts estimate sales growth of $102 million in the second quarter, which would be a 4% year-over-year increase from $98 million in the second quarter of 2017.

Since fertilizer sales are highly seasonal in the sense that sales are slow for fertilizer companies (XLB) in the months preceding the winter or harvest months, it is useful to include full-year sales expectations when considering forward-looking estimates. For the next four quarters, sales are estimated to rise to $378 million from $325 million in the last four quarters, which represents a 16% increase year-over-year.

Peers’ sales growth expectations

Peer Israel Chemicals (ICL) is expected to report sales growth of 4% year-over-year to $5.7 billion over the next four quarters. CF Industries (CF) is expected to report sales growth of 8% to $4.4 billion, and Mosaic (MOS) is expected to report sales growth of 20% year-over-year to $9.3 billion.

These expectations confirm that the fertilizer industry appears to be coming out of its bottom cycle, which is also evident in the rising fertilizer prices that we’ve seen lately.

In the next part, we’ll discuss the EPS (earnings per share) expectations for CVR Partners and its peers.


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