Agrium Inc. (NYSE:AGU) posted net earnings (attributable to its equity holders) of $557 million or $4.03 per share in the second quarter of 2017, a roughly 1.2% decline from $564 million or $4.08 per share recorded a year ago. The bottom line was affected by weaker nitrogen and phosphate prices, partly offset by higher Retail earnings, strong potash results and reduced fixed costs in the Wholesale business.
Barring one-time items, Agrium’s adjusted earnings came in at $4.09 per share, beating the Zacks Estimate of $4.04 per share.
Revenues decreased 1.5% year over year to $6,319 million in the reported quarter. The top line also topped the Zacks Consensus Estimate of $6,185 million.
Agrium Inc. Price, Consensus and EPS Surprise
Zacks Rank & Key Picks
Agrium currently carries a Zacks Rank #4 (Sell).
Some better-ranked companies in the basic materials space include BASF SE (OTC:BASFY) , The Chemours Company (NYSE:CC) and Kronos Worldwide (NYSE:KRO) . All three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
BASF has an expected long-term earnings growth of 8.6%.
Chemours has an expected long-term earnings growth of 15.5%.
Kronos Worldwide has an expected long-term earnings growth of 5%.
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BASF SE (BASFY): Free Stock Analysis Report
Kronos Worldwide Inc (KRO): Free Stock Analysis Report
Chemours Company (The) (CC): Free Stock Analysis Report
Agrium Inc. (AGU): Free Stock Analysis Report
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