CF Industries Earnings: Fifth Consecutive Quarter of Double-Digit Growth

S&P 500 (NYSE:SPY) component CF Industries Holdings Inc. (NYSE:CF) reported net income above Wall Street’s expectations for the third quarter. CF Industries Holdings is a manufacturer and distributor of nitrogen and phosphate fertilizer products, including ammonia, urea, urea ammonium nitrate solution, diammonium phosphate, and monoammonium phosphate.

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CF Industries Holdings Inc. Earnings Cheat Sheet

Results: Net income for the fertilizers rose to $403.3 million ($6.35 per share) vs. $330.9 million ($4.73 per share) in the same quarter a year earlier. This marks a rise of 21.9% from the year-earlier quarter.

Actual vs. Wall St. Expectations: CF Industries Holdings Inc. beat the mean analyst estimate of $5.82 per share.

Key Stats:

The company has now seen its net income rise for three quarters in a row. In the second quarter, net income rose 24.4% and in the first quarter, the figure rose 30.6%.

The company topped expectations last quarter after falling short of forecasts in the second quarter with net income of $8.71 versus a mean estimate of net income of $8.92 per share.

Looking Forward: Expectations for the company’s next-quarter performance are higher than they were ninety days ago. Over the past three months, the average estimate for the fourth quarter has risen to $6.81 per share from $6.01. Over the past three months, the average estimate for the fiscal year has climbed from $26.46 per to share to $27.07.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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