NTR - CF Industries: Flat EPS Growth Ahead Soft Price Action Into Q1 Earnings
2024-04-30 09:20:00 ET
Summary
- Agriculture stocks have suffered due to volatile commodity prices and concerns about global demand.
- CF Industries Holdings, Inc. is the largest producer of nitrogen fertilizers in North America, and I have a hold rating on the stock.
- CF Industries' earnings outlook is not encouraging, and its share-price momentum is weak amid weak relative strength.
- Ahead of Q1 results due out Wednesday night, I highlight key price levels to watch.
Agriculture stocks have suffered in the past year. Volatile commodity prices and concerns about global demand have weighed. But companies involved in the great energy transition that comes with increasing power demand and firms positioned well amid tight markets, like with nitrogen, have outperformed. Challenges linger in the fertilizer business, and we have heard such concerns from major players like John Deere over recent earnings seasons. ...
CF Industries: Flat EPS Growth Ahead, Soft Price Action Into Q1 Earnings