Nutrien Ltd reports results for the quarter ended March 31 - Earnings Summary

• Nutrien Ltd NTR.TO reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 46 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 31 cents per share. Wall Street expected results to range from 22 cents to 46 cents per share.

• Revenue fell 1% to $5.10 billion from a year ago; analysts expected $5.18 billion.

• Nutrien Ltd's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $11 million.

• Nutrien Ltd shares had risen by 8.9% this quarter and gained 20.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.2% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 6 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the agricultural chemicals peer group is also "buy"

• Wall Street's median 12-month price target for Nutrien Ltd is $60.00

This summary was machine generated from LSEG data May 8 at 12:21 a.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)