Monsanto Company (MON) has carved a name for itself in the global agricultural chemicals’ industry. By conducting trade in terms of two major segments, the company tries to enhance the yield and quality of several commercial and non commercial agricultural crops such as cotton, soybean and corn.
However, the company’s trade is highly sensitive to market headwinds such as currency fluctuations and weather volatilities. Moreover, as the extent of industry competition increasing over time, investors have been eagerly awaiting for the company’s latest earnings report. In the last four trailing quarters, MON has reported a positive average earnings surprise of 10.1%, missing the estimate twice.
Currently, MON has a Zacks Rank #3 (Hold), but that could definitely change after the release of its upcoming earnings report. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Monsanto’s adjusted earnings in third-quarter fiscal 2015 came in at $2.39 per share. The earnings were above the Zacks Consensus Estimate of $2.05 per share.
Revenue: Monsanto posted revenues of $4579 million, 6.1% lower than the Zacks Consensus Estimate of $4,654 million.
Key Stats to Note: Monsanto aims to resolve growing food challenges of the contemporary world with the essence of its innovative crop yield enhancing products. The company intends to accrue a double digit EPS growth by 2019 on the back of its new innovations and strategic acquisition deals. However, on grounds of currency headwinds and lower commodity prices, Monsanto expects to accrue earnings in the lower end of $5.75 to $6.00 for fiscal 2015.
Stock Price: Shares prices of MON increased marginally by 0.2% on a pre-market trading basis.
Check back our full write up on this MON earnings report later!
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