NutrienNYSE: NTR

Evaluate the expected performance of Nutrien (NTR) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Nutrien (NTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

SASKATOON, Saskatchewan--(BUSINESS WIRE)--Nutrien Ltd. (TSX and NYSE: NTR) announced today plans to release third quarter 2024 results after market close on Wednesday, November 6. Nutrien will host a conference call to discuss its results and outlook at 10:00 a.m. EST on Thursday, November 7. Investors can access the call by dialing 1-888-870-4559 or 647-931-1822. A webcast of the call can be accessed by visiting Nutrien's Investor Events and Presentation page. A recording of the call will be a.

Fertilizer prices have stabilized to pre-COVID levels, with stocks like Nutrien trading as if the supply-chain spike never occurred. Fertilizer producers are an overlooked inflation hedge due to their strong correlation with natural gas and crop prices, with North American export demand growing. Nutrien's valuation is down, but it may be an accumulation opportunity with potential supply-side pressures seemingly rebounding.

While NTR faces pricing pressure, it gains on healthy demand for fertilizers, backed by the strength in global agriculture markets.

Nutrien's share price has continued sliding over the course of 2024, but margin and sales headwinds are weakening. The company is well-positioned to serve the high margin North America market while also expending in Latin America. At the same time, the assumptions that are built in the share price are unlikely to persist beyond the near term.

Nutrien (NTR) reported earnings 30 days ago. What's next for the stock?

While NTR is exposed to pricing pressure, it benefits from healthy demand for fertilizers, backed by the strength in global agriculture markets.

Nutrien's stock has declined due to low crop prices, high inflation, and interest rates, but its strong financials hint at a bottoming trend. The company's cost management and strong performance in key segments show resilience, with a positive long-term outlook driven by rising demand. Despite past struggles, I maintain a Strong Buy rating on Nutrien, confident in its potential rebound as market conditions improve.