The Mosaic Company MOSis set to release first-quarter 2018 results after the market closes on May 7.
Mosaic recorded net loss of $431 million or $1.23 per share in the fourth quarter of 2017, against net income of $12 million or 3 cents a year ago. Adjusted earnings were 34 cents per share for the quarter that topped the Zacks Consensus Estimate of 27 cents.
The company’s revenues rose roughly 10.5% year over year to $2,091.9 million in the quarter, beating the Zacks Consensus Estimate of $1,886 million.
Mosaic beat earnings estimates in three of the trailing four quarters while missed in one, with an average beat of 8.75%.
Mosaic has outperformed the industryover the past six months. The company’s shares have gained around 20% over this period compared with roughly 1.9% upside recorded by the industry.