Will Strong Q3 Earnings Help Get Potash Corp./Saskatchewan’s Stock Back in Positive Territory? – Mining.com
October 21, 2014
Potash Corp./Saskatchewan (TSX: POT)(NYSE: POT) is the world’s largest fertilizer company and it is responsible for one-fifth of the global capacity of potash, which is a key nutrient used in the production of fertilizer. Although it is a vital player in the agriculture industry, this has not led to a strong performance in the stock market in 2014, as its shares have risen just 2.8% year to date, underperforming the TSX Composite Index’s 4.5% gain. With this being said, third-quarter earnings are scheduled to be released this week and strong results could be the catalyst it needs to get on top of the market.
Let’s take a look at the current expectations and the other most important statistics to watch for to determine if we should consider initiating long-term positions today or if we should wait to see what the report holds.
Q3 expectations and what to watch for
Third-quarter earnings are scheduled to be released before the market opens on October 23 and the current expectations call for mixed growth. Here’s an overview:
