31 Oct

What to Expect from CF Industries’ Third-Quarter Earnings


CF to report earnings

CF Industries (CF) plans to report its earnings on October 31 after the market closes. The company plans to hold its earnings call on November 1 at 9:00 AM. Wall Street analysts estimate the company’s sales will come in at ~$1 billion, which would be almost a 14% year-over-year increase from $0.87 billion in the corresponding quarter of last year.

What to Expect from CF Industries’ Third-Quarter Earnings

Margins to expand

The company’s gross margin is expected to expand during the quarter to 18% compared to just about 1% in the third quarter of 2017. Analyst expectations for EBITDA margins are also positive. The consensus estimate is for an expansion to 31.2% compared to 15.4% over the same period. Not surprisingly, this positive momentum in the company’s sales and margins is expected to trickle down to the company’s EPS, which is expected to come in at $0.15 per share compared to a loss per share of $0.39 a year ago.

Fertilizer stocks (MOO) such as CF Industries, Mosaic (MOS), and Israel Chemicals (ICL) have had a good run with fertilizer prices gaining significant momentum in 2018 compared to last year. All three NPK (nitrogen, phosphorous, and potassium) fertilizers reached two-year peaks recently. To learn more, read How Fertilizer Stocks and Prices Moved Last Week.

Latest articles

The troubled 737 MAX's prolonged grounding and uncertainties are hurting Boeing’s (BA) commercial aircraft order and delivery numbers.

On Monday, Southwest Airlines said that it will accelerate inspections of 38 remaining second-hand jets. The company bought the jets from foreign carriers.

Today, Charlotte's Web Holdings (CWEB) (CWBHF) reported its third-quarter earnings. The company missed analysts' revenue and EPS estimates.

Nvidia will release its third-quarter earnings results on November 14. Analysts expect it to report adjusted EPS of $1.57 for the quarter.

Information tech and networking giant Cisco Systems (CSCO) is set to report its fiscal 2020 first-quarter results today at 4:30 PM ET.

Facebook (FB) launched a new payment service that will work across its family of apps. The payment service is called Facebook Pay.