The Mosaic Co., Tampa, is expected to post increases in net income for both the fourth-quarter and full-year, according to the Bloomberg Consensus, the average estimates made by major analysts. The company is expected to post fourth-quarter net income of $68 million and a full-year loss of $91 million.
It is a big turnaround for Mosaic, as the company posted year-ago losses of $921 million and $1.07 billion, respectively. In addition to citing challenging market conditions in 2019, Mosaic took major charges on its goodwill and asset portfolio.
Nutrien Ltd., Saskatoon, is expected to post fourth-quarter income of $93 million, compared to a year-ago loss of $48 million. However, the analysts estimate for the full-year is $227 million, down from the year-ago $992 million.
Analysts estimate that CF Industries Holdings Inc., Deerfield, Ill., will report lower income for both the quarter and year. Fourth-quarter net income is put at $25 million, down from the year-ago $55 million. The full-year estimate is $247 million, down from $493 million.
Mosaic, Nutrien, and CF are all expected to release their results on Wednesday, Feb. 17, after markets close.
| Mosaic | 4Q-20 Est. | 4Q-19 | 2020 Est. | 2019 |
| Net Income | 68 M | (921 M) | (91 M) | (1.07 B) |
| Revenues | 2.15 B | 2.08 B | 8.34 B | 8.91 B |
| Adj. EBITDA | 468 M | (202 M) | 1.5 B | 1.35 B |
| Nutrien | 4Q-20 Est. | 4Q-19 | 2020 Est. | 2019 |
| Net Income | 93 M | (48) | 227 M | 992 M |
| Revenues | 3.7 B | 3.4 B | 20 B | 20 B |
| Adj. EBITDA | 709 M | 664 M | 3.6 B | 4 B |
| CF | 4Q-20 Est. | 4Q-19 | 2020 Est. | 2019 |
| Net Income | 25 M | 55 M | 247 M | 493 M |
| Revenues | 1 B | 1 B | 4 B | 4.6 |
| Adj. EBITDA | 283 M | 325 M | 1.3 | 1.6 |