Nutrien Ltd.’s first-quarter net income is expected to soar at least ten times to $1.48 billion compared to the year-ago $133 million, according to the Bloomberg Consensus, which averages the projections from major analytical firms. The actual range given by analysts was $1.26-$1.76 billion.
Higher prices are expected to boost net sales to $7.48 billion ($6.25-$8.81 billion) from the year-ago $4.6 billion.
Adjusted EBITDA is forecast at $2.675 billion, up from the year-ago $806 million. The analyst range was $2.30-$3.01 billion.
Nutrien’s first-quarter results are expected to be released after markets close on May 2.