Compass Minerals, Overland Park, Kan., is expected to report higher income and EBITDA for the third-quarter ending Sept. 30, 2020, according to the Bloomberg Model Consensus, the average of major analysts’ projections as of Oct. 29.
Third-quarter net income is projected to be $14.6 million on revenue of $319.5 million, up from the year-ago $10.6 million and $341.3 million (GM Nov. 8, 2019), respectively. EBITDA is forecast at $74.9 million, up from $67 million.
Analysts expect the Plant Nutrition North America segment to see improved operating income at $5.1 million, up from the year-ago $4.7 million, with EBITDA remaining about level at $15.6 million versus the year-ago 15.7 million.
Analysts expect North American fertilizer volumes to be down, at 63,440 st from the year-ago 69,000 st. However, they expect average sales prices to be up, at $659.2/st versus the year-ago $641/st.
Analysts expect both operating income and EBITDA to be down at Plant Nutrition South America, to $19.4 million and $24.9 million, respectively, compared to the year-ago $22.4 million and $28.8 million.
Compass is expected to release results on Nov. 4 after markets close.