While the top- and bottom-line numbers for Nutrien (NTR) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Nutrien (NTR) delivered earnings and revenue surprises of 27.78% and 0.25%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Nutrien, the world's biggest fertilizer producer, beat first-quarter profit estimates on Wednesday, on strong demand for crop nutrients from North America owing to early planting and lower inventory. Adjusted core profit at Nutrien Ag Solutions, the company's retail segment, was at $77 million in the reported quarter, compared with an adjusted core loss of $34 million a year ago. Quarterly sales volumes for crop nutrients, its biggest segment, was at 1.46 million tonnes in North America, up 22.5% from a year ago.