- Earnings Crash: Nutrien's net earnings took a massive hit, dropping from $165 million to a mere $19 million.
- Revenue Shortfall: The company's revenue declined by 5.4%, missing market expectations.
- Analyst Insight: Despite the downturn, analysts offer a positive outlook with a slight upside potential.
Nutrien Ltd (NTR, Financial) witnessed a notable 3.8% drop in premarket trading as the company reported a drastic decline in first-quarter earnings. The Canadian fertilizer giant saw its net earnings crash to $19 million from $165 million reported during the same period last year. This significant decrease was attributed to adverse weather conditions, a fall in selling prices, and escalating input costs. Consequently, revenue also fell short, decreasing by 5.4% to $4.87 billion, which was below the anticipated $5.15 billion.
Wall Street Analysts Forecast
Wall Street analysts offer a glimpse of optimism for Nutrien Ltd, with 20 experts projecting a one-year average target price of $60.90. This includes a potential high of $70.00 and a low of $52.00. The average target suggests a prospective upside of 7.56% from the current share price of $56.62. For more detailed insights, you can visit the Nutrien Ltd (NTR, Financial) Forecast page, which provides extensive estimate data.
Consistent with analyst projections, the consensus recommendation from 24 brokerage firms positions Nutrien Ltd (NTR, Financial) at an average recommendation of 2.2. This rating corresponds to an "Outperform" status within a 1-to-5 scale, where 1 is a Strong Buy and 5 is a Sell.
Furthermore, according to GuruFocus estimates, the projected GF Value for Nutrien Ltd (NTR, Financial) over the next year is $51.93. This suggests a potential downside of 8.28% from the current market price of $56.62. GF Value represents GuruFocus' evaluation of the stock's fair trading value, derived from historical trading multiples, past business growth, and future business performance estimates. For an in-depth analysis, please refer to the Nutrien Ltd (NTR) Summary page.
