Nutrien (TSE:NTR) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$9.92b (down 13% from 2Q 2023).
- Net income: US$385.0m (down 13% from 2Q 2023).
- Profit margin: 3.9% (in line with 2Q 2023).
- EPS: US$0.78 (down from US$0.89 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nutrien Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 65%.
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in Canada.
Performance of the Canadian Chemicals industry.
The company's shares are down 8.7% from a week ago.
Risk Analysis
It is worth noting though that we have found 4 warning signs for Nutrien that you need to take into consideration.
Valuation is complex, but we're here to simplify it.
Discover if Nutrien might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:NTR
Good value slight.
