Mosaic Q1 2024 GAAP EPS $0.65 Misses $0.71 Estimate, Sales $2.700B Miss $2.896B Estimate
Portfolio Pulse from Benzinga Newsdesk
Mosaic (NYSE:MOS) reported Q1 2024 earnings of $0.65 per share, missing the consensus estimate of $0.71. Quarterly sales were $2.700B, below the $2.896B estimate, marking a 25.08% decrease from the previous year.
May 01, 2024 | 8:13 pm
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NEGATIVE IMPACT
Mosaic's Q1 2024 earnings and sales missed analyst estimates, with a significant year-over-year sales decrease.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term. The significant year-over-year decrease in sales further compounds concerns about the company's growth trajectory and operational efficiency, likely leading to downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100