BUZZ-PREVIEW: Mosaic seen posting higher rev in results due before the bell Mon
Mosaic Company MOS | 0.00 |
** Shares of Mosaic MOS.N down 1% on Fri, with co seen posting higher rev in qtrly results due before the bell on Mon
** Analysts expect MOS, a producer of concentrated phosphate and potash fertilizers, to post Q1 rev of $2.90 bln vs $2.62 bln, and adj EPS of $0.24 vs $0.49 yr-ago, per LSEG
** Investors are likely to focus on the phosphate outlook
** The U.S. and Israel's war on Iran has driven up fertilizer prices
** In its prior qtr, the co missed profit estimates on weak US phosphate demand, and recently drew criticism from a US official over its production plans
** The median 12-mo PT on the stock is $28; the stock was last at $22.68
** MOS stock is down ~5.8% YTD, vs a roughly 8% rise in the S&P 500 .SPX in that period
