Earnings Preview: Potash Corporation of Saskatchewan Inc. (NYSE:POT) moved down 17 times out of last 28 quarters

Earnings Preview: Potash Corporation of Saskatchewan Inc. (NYSE:POT) moved down 17 times out of last 28 quarters

Earnings Preview: Potash Corporation of Saskatchewan Inc. (NYSE:POT) moved down 17 times out of last 28 quarters

Potash Corporation of Saskatchewan Inc. (NYSE:POT) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 27, 2017. The stock lost about -12.2 percent in price since last results when it was at $19.86 a share. Based on the most relevant past-periods data, there is an 60.71 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 17 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 33% of the time in its last 12 earnings reports. It fell short of earnings estimates on 7 occasions, and it has met expectations 1 time.

Here’s how traders responded to POT earnings announcements over the past few quarters.

Potash Corporation of Saskatchewan Inc. (POT) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was -1.56 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $0.07 which missed the consensus $0.09 projection (negative surprise of-22.22%). For the quarter, revenue came in at 1.06B versus consensus estimate of 1.05B. The stock dropped -3.02 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.

On October 27, 2016, it reported earnings at $0.11 a share compared with the consensus estimate of $0.09 per share (positive surprise of 22.22%). Revenue of 1.14B for that quarter was above the $1.06B analysts had expected. The stock retreated -1.91% the day following the earnings announcement, and on 7th day price change was -3.58%.

On July 28, 2016, it recorded $0.18 a share in earnings which missed the consensus estimate of $0.18 (negative surprise of 0%). Revenue for the quarter was $1.05B while analysts called for revenues to be $1.21B. The stock dropped -7.22% the day following the earnings data was made public, and on 7th day price change was -7.81%.

On April 28, 2016, it announced earnings per share at $0.15 versus the consensus estimate of $0.16 per share (negative surprise of -6.25%). That came on revenues of $1.21B for that period. Analysts had expected $1.17B in revenue.

Potash Corporation of Saskatchewan Inc. Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.11. The analysts’ present consensus range is $0.08-$0.16 for EPS. The market consensus range for revenue is between $924M and $1.12B, with an average of $1.04B.

Potash Corporation of Saskatchewan Inc. (NYSE:POT) last ended at $17.36, sending the company’s market cap near $14.58B. The consensus 12-month price target from analysts covering the stock is $19. The share price has declined -14.36% from its top level in 52 weeks and advanced -3.51% this year. It recently traded in a range of $17.23-$17.5 at a volume of 4012119 shares. The recent trading ended with the price nearly 2 higher for the last 5 trading days, rebounding 15.46% from its 52-week low.

 

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