Nutrien (NTR) closed at $85.48 in the latest trading session, marking a +1.6% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.03%. At the same time, the Dow lost 1.15%, and the tech-heavy Nasdaq gained 0.37%.
Heading into today, shares of the producer of potash and other fertilizers had lost 6.81% over the past month, lagging the Basic Materials sector's gain of 1.01% and the S&P 500's loss of 3.51% in that time.
Nutrien will be looking to display strength as it nears its next earnings release. In that report, analysts expect Nutrien to post earnings of $4.13 per share. This would mark year-over-year growth of 199.28%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.06 billion, up 50.35% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $16.50 per share and revenue of $39.55 billion, which would represent changes of +164.85% and +42.73%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Nutrien. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.39% lower. Nutrien is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, Nutrien is currently trading at a Forward P/E ratio of 5.1. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 5.1.
Meanwhile, NTR's PEG ratio is currently 0.64. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Fertilizers industry currently had an average PEG ratio of 0.59 as of yesterday's close.
The Fertilizers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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