For its first fiscal quarter (ending March 31), The Mosaic Company (NYSE: MOS) has reported a -89% decline in E.P.S. from $1.30 a year ago to $0.14 in the current quarter. This result fell short of the consensus estimate of $0.58 by $-0.44. E.P.S. were $2.36 for the latest four quarters through March 31 versus $8.17 for the same period a year ago — a decline of -71%.
Recent Price Action
The Mosaic Company (NYSE: MOS) stock closed at $29.93 on 5/1/24 after a decline of -4.7%. Moreover, trading volume in this decline was exceptionally high at 210% of normal. The stock has been weak relative to the market over the last nine months and has declined -1.6% during the last week.
Current PriceTarget Research Rating
MOS is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Mosaic has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Mosaic has a very high Appreciation Score of 90 but a very low Power Rating of 4, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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