Intrepid Potash Inc reports results for the quarter ended March 31 - Earnings Summary

• Intrepid Potash Inc IPI.N reported quarterly adjusted earnings of 39 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -14 cents. The mean expectation of two analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -12 cents to 2 cents per share.

• Revenue rose 23.3% to $97.76 million from a year ago; analysts expected $82.43 million.

• Intrepid Potash Inc's reported EPS for the quarter was 35 cents​.

• The company reported quarterly net income of $4.61 million.

• Intrepid Potash Inc shares had risen by 13.2% this quarter and gained 51.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 225% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy," no "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the agricultural chemicals peer group is also "sell"

• Wall Street's median 12-month price target for Intrepid Potash Inc is $19.00

This summary was machine generated from LSEG data May 5 at 09:39 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)