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In its upcoming report, CF Industries (CF) is predicted by Wall Street analysts to post quarterly earnings of $1.47 per share, reflecting an increase of 42.7% compared to the same period last year. Revenues are forecasted to be $1.52 billion, representing a year-over-year increase of 3.5%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 7.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some CF metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Net Sales- Ammonia' stands at $407.44 million. The estimate indicates a change of +1.4% from the prior-year quarter.
Analysts expect 'Net Sales- Granular Urea' to come in at $428.96 million. The estimate indicates a year-over-year change of +5.4%.
The combined assessment of analysts suggests that 'Net Sales- UAN (urea ammonium nitrate)' will likely reach $414.59 million. The estimate suggests a change of -2.5% year over year.
Analysts predict that the 'Net Sales- AN (ammonium nitrate)' will reach $113.40 million. The estimate indicates a change of -0.5% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Average selling price per product ton - Ammonia' of $443.05. The estimate compares to the year-ago value of $438.
Analysts' assessment points toward 'Sales volume by product - UAN (urea ammonium nitrate)' reaching 1,653.83 KTon. The estimate compares to the year-ago value of 1,611 KTon.
The consensus among analysts is that 'Sales volume by product - Granular Urea' will reach 1,128.25 KTon. The estimate compares to the year-ago value of 1,092 KTon.
Analysts forecast 'Sales volume by product - Ammonia' to reach 914.12 KTon. The estimate compares to the year-ago value of 918 KTon.