Nutrien Beats Q1 Earnings and Revenue Estimates
Nutrien (NYSE: NTR) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 27.78%. A quarter ago, it was expected that this producer of potash and other fertilizers would post earnings of $0.72 per share when it actually produced earnings of $0.37, delivering a surprise of -48.61%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Nutrien, which belongs to the Zacks Fertilizers industry, posted revenues of $5.39 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 0.25%. This compares to year-ago revenues of $6.11 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
Nutrien …
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