Q2 2020 earnings expected to be lukewarm
Mosaic's (MOS) Q2 2020 earnings announcement (scheduled for August 4, 2020) is unlikely to stir any real excitement. A key aspect is that during the quarter, average potash and urea fertilizer prices showed high single-digit QoQ declines. Though phosphate depicted a slight recovery.
As per Mosaic's press releases:
- Phosphates - April and May 2020 sales volumes were roughly flat (-0.4%) but revenue was down 21%.
- Potash - April and May 2020 sales volumes soared 24% but revenue was down 2%.
- Mosaic Fertilizantes - April and May