Recently, Zacks.com users have been paying close attention to Nutrien (NTR). This makes it worthwhile to examine what the stock has in store.
Stronger-than-expected retail pricing and softer-than-expected fertilizer volumes defined the quarter.
Potash and salt miner K+S reiterated its full-year profit guidance on Thursday, as it expects higher fertiliser prices to offset the impact of a potential gas shortage in Germany. This scenario assumes a 25% reduction in natural gas availability in the fourth quarter, which together with a new gas levy would lead to a cost burden in a low-triple-digit million euro range, CEO Burkhard Lohr said in a statement. For now, the company expects the gas shortage to only affect its final quarter and early 2023, not the entirety of next year, Lohr told analysts in a call.