For the quarter ended June 2024, Nutrien (NTR) reported revenue of $10.16 billion, down 12.9% over the same period last year. EPS came in at $2.34, compared to $2.53 in the year-ago quarter. The reported revenue represents a surprise of -6.77% over the Zacks Consensus Estimate of $10.89 billion. With the consensus EPS estimate being $2.13, the EPS surprise was +9.86%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

In its upcoming report, Nutrien (NTR) is predicted by Wall Street analysts to post quarterly earnings of $2.13 per share, reflecting a decline of 15.8% compared to the same period last year. Revenues are forecasted to be $10.89 billion, representing a year-over-year decrease of 6.5%. The consensus EPS estimate for the quarter has been revised 1.9% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during ...

The market expects Nutrien (NTR) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price c ...

The senior notes will be unsecured and will rank on an equal footing with the current senior unsecured debt of Nutrien. CIBC World Markets Corp., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and RBC Capital Markets, LLC are the joint book-running managers for the offering. For potash, the company's sales volume guidance, estimated between 13 and 13.8 million tons, assumes a more balanced distribution of volumes between the first and second halves compared with the prior year. The nitrogen sales volum ...

The company's shares are down 6.1% over a year, compared with an 11.5% decline recorded by its industry. Healthy Demand, Acquisitions and Cost Cuts Aid NTR The company should also gain from acquisitions and increased adoption of its digital platform. It continues to expand its footprint in Brazil through acquisitions. NTR completed a number of acquisitions in 2023 and expects to continue pursuing targeted opportunities in its core markets this year. Softer fertilizer prices are expected to weigh on the comp ...

USA News Group Commentary Issued on behalf of Bee Vectoring Technologies International Inc. VANCOUVER, BC, June 4, 2024 /PRNewswire/ -- USA News Group – The threat of the world's food supply for the future is now being amplified by atomic scientists, calling for the need to act now to ensure global food security and reduce agricultural greenhouse gas emissions. Back in April, the United Nations published two releases on the bioeconomy, from its UN Food and Agriculture Organisation (FAO) and UN Environment A ...

Nutrien Ltd.'s (NTR) shares have shot up 15% over the past three months. The company has also outperformed its industry's rise of 3.3% over the same time frame. It has also topped the S&P 500's roughly 2% rise over the same period. Let's dive into the factors behind this fertilizer maker's stock price appreciation. What's Aiding NTR? Forecast-topping earnings performance in the first quarter of 2024 and upbeat prospects have contributed to the rally in the company's shares. NTR's adjusted earnings per share ...

Nutrien Ltd. (NTR) is expected to gain from higher demand for crop nutrients, its actions to reduce costs and strategic acquisitions. However, weaker fertilizer prices are likely to weigh on its performance. The fertilizer maker's shares are down 4.1% over a year compared with a 5.3% rise recorded by its industry. Image Source: Zacks Investment Research Nutrien is well-placed to benefit from increased demand for fertilizers, backed by the strength in global agriculture markets. It is seeing strong demand in ...

财务数据和关键指标变化 - 公司在第一季度实现了11亿美元的经调整EBITDA,主要得益于农资利润率改善、肥料产量增加、销量上升以及运营成本下降 [8] - 零售业务经调整EBITDA为7700万美元,同比大幅增长,主要由于北美地区需求强劲和利润率恢复正常 [9] - 公司通过差异化产品和扩大制造能力,持续提高自有作物营养和生物刺激剂产品的毛利率 [10] - 作物保护产品毛利率在第一季度增加12%,主要是北美地区利润率恢复正常 [11] - 公司在过去12个月内减少了约1.5亿美元的巴西作物保护产品库存,将继续严格管控采购以稳定市场 [11] 各条业务线数据和关键指标变化 - 钾肥业务一季度收益同比下降,但公司通过提高产量和降低成本取得了进步 [13] - 钾肥产量同比增加15%,可控现金生产成本降至每吨56美元 [13] - 北美钾肥销量同比增加超过50%,得益于渠道库存较低和正常的采购行为 [15] - 海外钾肥销量同比增加18%,得益于主要国际市场需求强劲和供应链表现改善 [16] - 氮肥和磷肥产量尽管受到一些天气因素影响,但销量仍同比有所增加 [17] - 公司调整了氮肥产品组合以优化利润率,导致尿素和氮溶液销量在本季度有所增加 [17] 各个市场数据和关键指标变化 - 美国玉米和大豆种植进度与历史平均水平一致,化肥施用率较强 [19] - 近期部分地区出现湿润天气,延迟了田间作业,加上其他主要种植区的产量担忧,为作物价格提供了支撑 [19] - 巴西2023年种植作物利润率受压,影响了农户情绪,但2024年预期利润率大幅好于2023年,有望支撑种植面积和农资需求 [21] - 2024年初全球钾肥供需相对平衡,公司维持全年68-71百万吨的全球出货量预测 [22] - 北美钾肥需求强劲,预计经销商将试图在春季结束时保持有限的库存,有利于下半年的健康需求 [22] - 巴西钾肥需求在第二季度有所回升,价格在过去3个月上涨约30美元/吨 [23] - 东南亚市场钾肥需求开局良好,得益于较低的库存水平和主要作物如棕榈油和大米的有利经济 [23] - 中国钾肥消费出现阶梯式增长,反映了较强的负担能力,以及增加国内粮食产量的长期战略 [24][25] 公司战略和发展方向及行业竞争 - 公司正专注于提高资产的可靠性和生产效率,如通过自动化提高钾肥矿山的生产率和安全性 [113][117] - 公司正在进行一些较小的持续改进项目,以进一步降低成本和提高效率 [118] - 公司正在向客户提供更多差异化的作物营养和生物刺激剂产品,以提高利润率 [10] - 公司正在优化零售网络,并加强数字化能力,以提高收益质量 [39][40] - 公司正在评估北美和澳大利亚的小型收购机会,以支持零售业务的增长 [40] - 公司认为,即使白俄罗斯和俄罗斯恢复到战前水平,由于运输成本上升,它们在全球市场的竞争力也会下降 [61] 管理层对经营环境和未来前景的评论 - 公司对需求强劲和市场稳定性持乐观态度 [42] - 公司认为,美国玉米和大豆种植进度正常,化肥施用率较强,为作物价格提供支撑 [19] - 公司预计,巴西2024年种植面积和农资需求将得到支撑,因为预期利润率大幅好于2023年 [21] - 公司认为,全球钾肥供需相对平衡,北美和东南亚市场需求强劲 [22][23] - 公司预计,美国氮肥供需相对紧张,价格将在春季保持坚挺,然后进入夏季的季节性调整 [26][27] - 公司认为,北美天然气价格相对欧洲和亚洲有优势,这种有利地位将在未来几年内持续 [29] 问答环节重要的提问和回答 问题1 **Joel Jackson 提问** 公司中期指引中提到,在中期商品价格水平下,零售业务EBITDA可达19-21亿美元。如果商品价格维持在当前水平,公司是否能在2025年实现这一目标? 公司需要在今年做些什么来实现这一目标? 此外,出售南美非巴西零售资产可能会导致收益减少2-3%。[47] **Kenneth Seitz 回答** 公司提到的中期目标是基于利润率正常化和自有产品增长。即使商品价格维持在当前水平,通过提高氮肥和钾肥产能、提升资产可靠性以及零售业务的自有产品增长,公司仍有望在2025年实现这一目标。出售南美非巴西零售资产将导致收益略有下降,但对整体影响有限。[48][49][50] 问题2 **Andrew Wong 提问** 中国钾肥需求似乎出现了阶梯式增长,您的同行Mosaic也提到了类似情况。是什么驱动了这一增长?中国最近增加了钾肥供给,这是否会推动产量和需求? 鉴于您对中国需求的乐观看法,您的全球预测是否会更高?[52] **Kenneth Seitz 和 Jason Newton 回答** 中国增加钾肥需求的主要驱动因素是粮食安全。中国政府意识到钾肥对产量、植物健康和抗病性的重要性,因此大

USA News Group Commentary Issued on behalf of Bee Vectoring Technologies International Inc. VANCOUVER, BC, May 9, 2024 /PRNewswire/ -- USA News Group – In order to help farmers advance conservation and climate-smart agriculture, the USDA recently made $1.5 billion available as part of US President Biden's Investing in America Agenda. The newly-available capital is part of several climate-smart agriculture investments the USDA has made since the beginning of the current Administration's reign, which have bee ...