Mos third age total war 3.2
The Zacks Consensus Estimate for total sales volumes in the Potash segment is currently pegged at roughly 2.32 million tons, reflecting an expected decline of 2.1% on a sequential comparison basis. Moreover, the same for the company’s Potash segment is expected to rise 21.9% year over year in the third quarter, as the Zacks Consensus Estimate is currently pegged at $578 million. The Zacks Consensus Estimate for net sales in the Phosphates segment is currently pegged at $1,032 million for the third quarter, reflecting an estimated 32.5% rise from the year-ago quarter’s tally. The Zacks Consensus Estimate for third-quarter total revenues is currently pegged at $2,936 million, reflecting an expected increase of 47.9% from the year-ago quarter’s tally. Mosaic envisions higher average realized selling prices and the impact of weaker local currency to more than offset the planned turnaround at the Uberaba facility. The company expects adjusted gross margin for the unit between $35 per ton and $45 per ton. Sales volumes in the Mosaic Fertilizantes segment are projected in the range of 3.2-3.6 million tons for the third quarter. Mosaic expects higher average realized selling prices to offset the unfavorable impact of planned maintenance turnarounds in the Esterhazy and Belle Plaine mines.
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Potash sales volumes are forecast in the range of 2.2-2.5 million tons and the adjusted gross margin is anticipated between $55 and $65 per ton. Mosaic expects higher average realized selling prices to more than offset higher raw material costs. The segment’s adjusted gross margin is expected in the band of $75-$85 per ton. The company expects phosphates sales volumes in the range of 2.1-2.4 million tons. It now expects adjusted EPS in the range of $1.45-$1.80 per share for 2018, up from the prior view of $1.20-$1.60. Mosaic, during second-quarter earnings call, raised adjusted earnings per share (EPS) guidance for 2018, considering strong business performance and lower expected effective tax rate for the year. Will the company surprise investors again or is it heading for a possible pullback? Let’s see how things are shaping up for this announcement. The company’s shares have returned around 14% compared with roughly 3.8% rise of the industry. The stock has outperformed the industry in the past six months.
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Notably, Mosaic beat the Zacks Consensus Estimate in three of the trailing four quarters, with an average positive earnings surprise of roughly 21%. However, the figure beat the Zacks Consensus Estimate of $2,348 million. Revenues rose roughly 26% year over year to $2,205 million in the quarter, driven by the Vale Fertilizantes acquisition and higher sales prices. Nevertheless, adjusted earnings of 40 cents per share beat the Zacks Consensus Estimate of 39 cents. The company logged a profit of $67.9 million or 18 cents per share, down from $97.3 million or 28 cents in the year-ago quarter. The fertilizer maker’s profits declined in second-quarter 2018, hurt by costs associated with the Vale Fertilizantes acquisition and currency translation charges. The Mosaic Company MOS is set to release third-quarter 2018 results on Nov 5, after market close.