Yara International ASA results due out Feb. 9 are expected to be better for the year than the quarter, according to the Bloomberg Consensus, the average estimate made by key analysts as of Feb. 1.
Analysts are projecting the company to have FY20 net income of $626.9 million on revenues of $11.84 billion, up from the year-ago $599 million and $12.94 billion, respectively. However, fourth-quarter net income averaged out at $168.5 million on revenues of $3.06 billion, down from the year-ago $199 million and $3.03 billion, respectively.
In other news last week, Yara shares hit a 52-week high on the OBX Oslo Exchange, trading at 404.80 kroner on Feb. 3. The previous high had been 403.80 kroner on Feb. 2. The stock, which has enjoyed a 14 percent increase year-to-date, had a 52-week low of 263.12 kroner on March 16, 2020.
According to Feb. 4 Bloomberg report, Citi has raised its target for Yara to 460 kroner, up from 420 kroner.
| 4Q-19 | 4Q-20 Est. | 2019 | 2020 Est. | |
| Revenues | 3,028 | 3,064 | 12,936 | 11,842 |
| Operating Income | 211 | 235 | 989 | 1,227 |
| EBITDA | 499 | 480 | 2,095 | 2,220 |
| Adj. EBITDA | 525 | 477 | 2,165 | 2,158 |
| Net Income | 199 | 169 | 599 | 627 |
*USD millions