Can Mosaic Co. Tackle Resistance After Q1 Earnings? (MOS)
October 04, 2010 12:00 PM
The Mosaic Company (NYSE: MOS) is slated to take its turn on the earnings stage after Monday's closing bell, with the agricultural chemical concern set to unveil its fiscal first-quarter results.
Analysts surveyed by Thomson Reuters (NYSE: TRI) are anticipating a profit of 72 cents per share, substantially higher than the company's year-ago earnings of 23 cents per share. Mosaic has a dismal history in the earnings spotlight, having fallen short of Wall Street's consensus profit expectations in three of the past four quarters.
Nevertheless, brokerage firms have piled on with bullish notes ahead of Mosaic's first-quarter report. During the month of September, Mosaic earned a new positive rating from Susquehanna and price-target boosts from Canaccord Genuity and Credit Suisse (NYSE: CS).
