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Stock Market & Financial Investment News

News Breaks
July 23, 2014
13:51 EDTMOS, POTEarnings Preview: Potash sees Q2 earnings per share 40c-45c
Potash Corporation of Saskatchewan (POT) is scheduled to report second quarter earnings before the market open on Thursday, July 24, with a conference call scheduled for 1:00 pm ET. Potash is an integrated fertilizer and feed products company. EXPECTATIONS: Analysts are looking for earnings per share of 46c on revenue of $1.68B, according to First Call. The consensus range for EPS is 42c-50c on revenue of $1.56B-$1.79B. LAST QUARTER: Potash reported first quarter EPS of 40c against estimates for 35c, on revenue of $1.68B against estimates for $1.49B. On its Q1 earnings report, the company forecast Q2 EPS of 40c-45c, compared to consensus of 49c. FY14 EPS was seen at $1.50-$1.80, compared to consensus of $1.65. Potash said, "Given a slightly improved potash pricing and demand outlook, we have increased our annual estimate for potash gross margin to $1.1-$1.3 billion and sales volumes to 8.3-8.7 million tonnes. Our estimates include the benefit of our Canpotex allocation run at Allan, which is nearing completion. With results to this point surpassing our initial expectations, we anticipate our Canpotex entitlement will exceed 53 percent for the second half of 2014...In nitrogen, recent pricing strength has improved the near-term outlook. We anticipate typical seasonal trends will result in slightly weaker margins through the second half of 2014, although our higher sales volumes expectations should partially offset this impact. For the full year, we anticipate total gross margin will remain historically high but trail 2013's total. In phosphate, we expect prices for all products to be below those of 2013." STREET RESEARCH: Street research has been cautious in the weeks leading up to Potash’s Q2 earnings report. On July 9, JP Morgan downgraded Potash to Neutral from Overweight citing valuation with shares near the firm's unchanged price target of $38. JPMorgan preferred Mosaic (MOS) at current valuation levels. The firm believed falling crop prices in anticipation of high domestic corn and soybean supplies could weigh on Potash shares. On May 21, Raymond James downgraded Potash to Market Perform from Outperform due to valuation. PRICE ACTION: Potash shares have made modest gains since the company's Q1 report, but are down over 5% over the past twelve months. In afternoon trading ahead of tomorrow's Q2 report, Potash’s shares are up 0.5%.
News For POT;MOS From The Last 14 Days
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November 19, 2014
10:00 EDTPOT, MOSOn The Fly: Analyst Upgrade Summary
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07:48 EDTPOTPotash upgraded at Raymond James
As previously reported, Raymond James upgraded Potash to Outperform from Market Perform. The firm believes the supply outage at Uralkali will result in a tighter market and benefit western producers. Price target raised to $40 from $38.50.
07:46 EDTPOTPotash upgraded to Outperform from Market Perform at Raymond James
07:39 EDTMOSMosaic upgraded to Positive at Susquehanna
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06:20 EDTMOSMosaic upgraded to Positive from Neutral at Susquehanna
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05:51 EDTPOTStocks with implied volatility movement; AGN POT
Stocks with implied volatility movement; Allergan (AGN) 21, Potash (POT) 22 according to iVolatility.
November 18, 2014
10:41 EDTMOS, POTFertilizer names rise after Uralkali suspends work at mine
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10:16 EDTPOTPotash continues recent recovery, levels to watch
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10:15 EDTMOSHigh option volume stocks
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November 13, 2014
12:26 EDTPOT, MOSKoch Industries reports new Colfax stake in quarterly filing
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November 10, 2014
15:51 EDTMOS, POTMorgan Stanley to hold a conference
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14:29 EDTPOTCapital World Investors reports 10.0% passive stake in Potash
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12:07 EDTPOT, MOSUSDA lowers corn production forecast by 68M bushels
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