Mosaic Company Earnings: Five Straight Quarters of Double-Digit Growth

The company reported EPS of $1.45/share versus the $1.38/share estimate and revenues of $2.86 billion versus the $2.54 billion estimate. Investors cheered Mosaic Company's latest numbers as the company reported EPS and revenues that topped predictions. EPS rose 64.8% while revenue climbed 53.8% from the same period last year. The company has now seen three quarters in a row of rising net income. This quarter also marks the fifth consecutive of double-digit year-over-year revenue growth for Mosaic. During that time, the company has averaged growth of 41%.

Income: 

For the year, Mosaic Company reported net income of $4.22 per share. The company trumped analyst projections of $3.87 by 9%. According to the reported number, the company's income rose 63.9% from last year's levels. 

Official Comment: 

"Our fourth quarter results were very strong as global demand for Mosaic's crop nutrient products remained robust," said Jim Prokopanko, President and Chief Executive Officer of Mosaic. "Fiscal 2011 was an exceptional year for Mosaic. We generated strong earnings and cash flow due to higher shipments, increased prices and strong operating performance, especially in our Phosphates segment in the face of an often challenging environment. In addition, we completed the complex split-off from Cargill which gives us increased strategic and financial flexibility." 

Industry: 

Mosaic is in the fertilizers industry. That industry is currently enjoying price/earnings growth of 1.7%. The company's EPS lags behind the industry average by 59.7%. 

What to Do Next: 

Now you can make a better-informed decision about whether to buy, sell or hold Mosaic shares until the next earnings announcement. Whatever you do, be sure to check back in with us before the company's next earnings release for a full prep sheet, just like the one we did here.

 

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