Monsanto Company Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Monsanto Company (NYSE:MON) will unveil its latest earnings on Wednesday, June 29, 2011. Monsanto Co. provides agricultural products, including seeds, biotechnology trait products, and herbicides, that provide farmers with solutions that improve productivity and reduce costs.

Monsanto Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst is estimating net income of $1.11 per share, a rise of 37% from the same quarter a year ago. Estimates range from profit of 97 cents per share to net income of $1.20 per share. The consensus estimate is the same as three months ago. For the year, analysts are projecting profit of $2.81 per share, a rise of 16.6% from last year.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting net income of $1.87 per share, and the previous quarter, it had profit of 2 cents.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $3.38 billion in revenue this quarter, a rise of 14.2% from the year ago quarter. Analysts are forecasting total revenue of $11.37 billion for the year, from last year’s revenue of $10.5 billion.

Analyst Ratings: Analysts are bullish on Monsanto Company as 10 analysts rate it as a buy and one rates it as a sell. While the average rating for the stock remains a hold, the strength of the rating has dwindled over the past three months.

Key Stats:

Revenue has now gone up for three straight quarters. In second quarter, revenue rose 6.1% to $4.13 billion while the figure rose 7.8% in the first quarter from the year earlier and 3.9% in the fourth quarter of the last fiscal year.

Competitors to Watch: Syngenta AG (NYSE:SYT), The Scotts Miracle-Gro Co. (NYSE:SMG), The Dow Chemical Company (NYSE:DOW), FMC Corporation (NYSE:FMC), The Mosaic Company (NYSE:MOS), American Vanguard Corp. (NYSE:AVD), Potash (NYSE:POT), CF Industries Hldgs., Inc. (NYSE:CF) and Origin Agritech Ltd. (NASDAQ:SEED).

Stock Price Performance: Over the past three months, the stock price has fallen $3.22 (-4.6%) from $69.98 on March 28, 2011 to $66.76 on June 22, 2011. The stock price saw one of its best stretches over the last year between December 16, 2010 and December 30, 2010 when shares rose for 10-straight days, rising 10.7% (+$6.66) over that span. It saw one of its worst periods between September 15, 2010 and September 23, 2010 when shares fell for seven-straight days, falling 6.5% (-$3.68) over that span. Shares are down $2.33 (-3.4%) year to date.

(Source: Xignite Financials)

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