Nutrien Ltd. provides crop inputs and services. The company operates through Retail, Potash, Nitrogen, and Phosphate segments. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products. The Nitrogen segment offers ammonia, urea, urea ammonium nitrate, industrial grade ammonium nitrate, and ammonium sulfate. The Phosphate segment provides solid fertilizer, liquid fertilizer, and industrial and feed products. In addition, it provides services directly to growers through a network of farm centers in North America, South America, and Australia. The company was incorporated in 2017 and is headquartered in Saskatoon, Canada.

У Nutrien Ltd. оценка выглядит скорее сдержанной, чем явно дешёвой: по P/E компания торгуется выше медианы отрасли, а это означает, что рынок уже закладывает часть будущего улучшения в цену. При этом P/S, P/B и особенно P/FCF заметно ниже отраслевых ориентиров, что говорит о наличии дисконта по выручке, балансовой стоимости и свободному денежному потоку. Однако этот дисконт не выглядит полностью заслуженным, потому что рентабельность капитала и активов остаётся очень слабой: ROE, ROA, ROI и return on tangible equity существенно ниже медианы и заметно ухудшились по сравнению с прошлым годом. Маржа чистой прибыли также снизилась, а операционная маржа просела с более высоких уровней 2023 года, что указывает на давление на прибыльность бизнеса. Валовая маржа держится около отраслевой медианы, то есть базовая ценовая дисциплина и структура себестоимости пока не выглядят проблемой, но дальше по цепочке эффективность уже заметно слабее. Долговая нагрузка в целом умеренная: debt/equity не выглядит критичной, а долгосрочный долг за год не демонстрирует резкого роста, что снижает риск финансового стресса. Тем не менее ликвидность некомфортная: quick ratio ниже медианы и текущая ликвидность тоже слабее отрасли, поэтому запас прочности по оборотному капиталу ограничен. Дивидендная доходность в текущих данных отсутствует, а в историческом ряду она снижалась, что убирает часть защитного инвестиционного аргумента. По абсолютным показателям выручка и gross profit остаются крупными, но чистая прибыль и рентабельность не подтверждают сильный качественный рост бизнеса. EBITDA и операционная прибыль выглядят приемлемо по масштабу, но их качество для оценки ограничено из-за слабой конверсии в чистую прибыль. В итоге у компании есть поддержка со стороны низких P/B, P/S и P/FCF, но она частично компенсируется высоким P/E, слабой доходностью на капитал и ухудшением маржинальности. Для инвестора это скорее история умеренной переоценки ожиданий и осторожного пересмотра справедливой цены вниз, чем повод для агрессивного снижения или пересмотра на сильный медвежий сценарий.

Nutrien Ltd.

Сильный индекс, значительно упал. Быки в растерянности.

Strong index, significantly down. The bulls are confused.

Слабый индекс, значительно вырос. Рынок не поддерживает быков.

Weak index, significantly up. The market does not support the bulls.

Слабый индекс, незначительно упал

Низкие P/B, P/S и P/FCF поддерживают оценку, но слабые ROE/ROA/ROI, просевшая маржа и высокий P/E делают картину для Nutrien осторожно-негативной.

Nutrien Ltd.’s NTR shares have gained 16.7% over the past six months. The company has also outperformed the Zacks Fertilizers industry’s 40.5% decline over the same time frame. NTR has also topped the S&P 500’s roughly 10.3% increase over the same period.
NTR is benefiting from healthy demand for crop nutrients, its actions to reduce costs and higher fertilizer prices. The company delivered better-than-expected earnings performance in the first quarter, thanks to these drivers. A key operating highlight was record first-quarter potash sales volumes.
NTR’s 6-month Price Performance
Image Source: Zacks Investment Research
Let’s take a look at the factors that are driving this fertilizer maker.
NTR Gains on Healthy Demand, Higher Prices & Cost Cuts
Nutrien is well-placed to benefit from higher demand for fertilizers, backed by the strength in global agriculture markets. It is seeing healthy fertilizer demand in its major markets. Tight inventories are expected to support crop commodity prices.
Favorable farmer economics, improved affordability and low inventory levels are expected to drive potash demand globally. The phosphate market is also supported by low producer and channel inventories. Restricted exports from China have also led to supply tightness in this market. Demand for nitrogen fertilizer also remains healthy in major markets. Global nitrogen requirement is driven by demand in North America, India and Brazil. A resurgence in industrial nitrogen demand also bodes well. Expectations of high levels of planted corn and soybean acres globally also suggest a pickup in fertilizer demand in 2026.
NTR saw record potash sales volumes of 3.51 million tons in the first quarter, driven by low inventory levels and favorable potash affordability, especially in key offshore markets. The company maintained its global potash shipment forecast of 74-77 million tons for 2026 and sees relatively tight potash fundamentals through the year. It is also increasing production from its low-cost North American operations to meet rising demand.
Strong demand and supply tightness have led to an uptick in fertilizer prices, with phosphate prices seeing a notable increase. Prices are driven by solid agricultural demand in major markets, China’s export restrictions, U.S. tariffs and higher costs of inputs. Higher prices are expected to drive top-line and margin expansion for NTR over the near term.
Cost and operational efficiency initiatives are also expected to aid the company’s performance. NTR remains focused on lowering the cost of production in the potash business. It has announced several strategic actions to reduce its controllable costs and boost free cash flow. It surpassed the $200 million annual cost savings target for 2025, achieving it a year earlier than its initial target. It expects sustained cost-reduction efforts across all geographies to aid margin improvement in 2026.
Nutrien Ltd. Price and Consensus
NTR’s Zacks Rank & Other Key Picks
NTR currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the Basic Materials space are Nucor Corporation NUE, L.B. Foster Company FSTR and Albemarle Corporation ALB, each carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Nucor’s current-year earnings stands at $14.84 per share, implying an 92.5% year-over-year increase. NUE’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with an average surprise of 8.1%.
The consensus estimate for L.B. Foster’s current-year earnings is pegged at $1.74 per share, implying a 152.2% year-over-year increase. The Zacks Consensus Estimate for FSTR’s current-year earnings has been revised 12.3% higher over the past 60 days.
The Zacks Consensus Estimate for Albemarle’s current-year earnings is pegged at $12.39 per share, indicating a 1,668.4% year-over-year increase. ALB’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with an average surprise of 74.5%.
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NTR's Shares Rise 17% in 6 Months: What's Driving the Upside?

CF Industries Holdings, Inc.’s CF shares have shot up 49.7% over the past six months, outperforming the Zacks Fertilizers industry’s decline of 41.8% and the S&P 500’s rise of 10.5%. The upside has been driven by its forecast-topping earnings performance, buoyed by healthy nitrogen fertilizer demand in major markets and higher nitrogen prices.
CF’s peers, Nutrien Ltd. NTR and The Mosaic Company MOS, have gained 14% and declined 1.3%, respectively, over the same period.
CF’s 6-month Price Performance
Image Source: Zacks Investment Research
The CF stock has been trading below its 50-day simple moving average (SMA) since May 20, 2026. It is currently trading above its 200-day SMA, suggesting a long-term uptrend. The 50-day SMA is also reading higher than the 200-day SMA, following a golden crossover on Feb. 26, 2025, indicating a bullish trend.
CF Stock Trades Below 50-Day SMA
Image Source: Zacks Investment Research
Let’s take a look at CF’s fundamentals to better analyze how to play the stock.
Healthy Nitrogen Demand, Higher Prices Aid CF Stock
CF Industries is capitalizing on the growing global demand for nitrogen fertilizers, driven by strong agricultural activity. Global nitrogen requirement is expected to remain strong in the near future due to recovering industrial demand and farmer economics.
High levels of corn-planted acres in the United States should drive the demand for nitrogen. Demand in North America is expected to be fueled by favorable farm economics. Demand for urea is likely to remain healthy in Brazil in 2026, driven by higher corn plantings. In India, demand is expected to be driven by low inventory levels, reduced domestic production and undelivered volumes due to the Iran war. The company expects India’s urea imports to rise year over year in 2026, potentially reaching 10-12 million metric tons.
CF, on its first-quarter call, said the global nitrogen market remains tight in 2026 due to strong demand, geopolitical disruptions and constrained natural gas availability. The Middle East conflict has further tightened the global nitrogen supply-demand balance.
Higher nitrogen prices have also contributed to a boost in CF Industries’ revenues. In the first quarter, net sales rose roughly 19% year over year on pricing strength. The average selling prices for the company’s core products increased from the prior year, driven by supply disruptions and strong global nitrogen demand. Looking ahead, CF should continue to benefit from favorable pricing trends.
CF’s Solid Cash Flow Supports Shareholder Returns
CF Industries continues to focus on enhancing shareholder value by utilizing its strong cash flow, thanks to strong operational performance, strategic execution and supportive nitrogen industry fundamentals. For full-year 2025, net cash from operating activities was $2.75 billion, while free cash flow was $1.79 billion, up roughly 21% and 24% year over year, respectively. The company’s cash and cash equivalents were roughly $2 billion at the end of the first quarter. Net cash provided by operating activities was $496 million for the quarter.
The company is efficiently converting adjusted EBITDA to free cash flow. Its full-year 2025 free cash flow to adjusted EBITDA conversion rate was 62%, outpacing sector averages. The same for the first quarter was 51%.
CF returned $1.7 billion to its shareholders in 2025. It repurchased 16.6 million shares for $1.34 billion during 2025. Since the commencement of its current $2 billion buyback program in October 2025, CF Industries has bought back 3.6 million shares for around $293 million.
CF offers a dividend yield of roughly 1.8% at the current stock price. It has a payout ratio of 19%. CF has a five-year annualized dividend growth rate of 12.9%. Backed by sound financial health, the company's dividend is perceived as safe and reliable.
Positive Analyst Sentiment for CF Stock
Earnings estimates for CF Industries have been rising over the past 60 days, reflecting analysts’ optimism. The Zacks Consensus Estimate for 2026 and 2027 has been revised upward over the same time frame.
Image Source: Zacks Investment Research
A Look At CF Stock’s Valuation
CF is currently trading at a forward price/earnings of 7.95X, a 34.4% discount relative to the industry average of 12.11X. It is trading at a discount to Nutrien and Mosaic. CF and Nutrien currently have a Value Score of A, while Mosaic carries a Value Score of B.
CF’s P/E F12M Vs. Industry, NTR & MOS
Image Source: Zacks Investment Research
Final Thoughts: Buy CF Stock
CF has rallied on strong nitrogen demand and higher pricing, driving earnings beats and upward estimate revisions. Robust cash flow supports aggressive buybacks and a healthy dividend, reinforcing shareholder returns. Favorable farm economics, strong import demand from Brazil and India and disciplined capital allocation underpin earnings visibility. In addition, CF’s cheap valuation offers an attractive entry point. With compelling nitrogen market fundamentals and price tailwinds firmly remaining in place, CF looks poised to deliver attractive returns to its investors, making this Zacks Rank #1 (Strong Buy) stock a prudent choice for those looking to capitalize on favorable market conditions.
You can see the complete list of today’s Zacks #1 Rank stocks here.
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Is CF Stock a Screaming Buy After a 50% Rally in 6 Months?

CF Industries Holdings, Inc. CF generated healthy cash flows in the first quarter, backed by strong operational performance, strategic execution and supportive nitrogen industry fundamentals. Its net cash provided by operating activities was $496 million for the quarter. Its cash and cash equivalents were roughly $2 billion at the end of the quarter.
Notably, CF generated net cash from operating activities of $2.75 billion and free cash flow of $1.79 billion in 2025, up roughly 21% and 24% year over year, respectively.
CF’s substantial cash flows and strong balance sheet enable it to finance its strategic growth investment, pay down debt and drive shareholder value. CF returned $1.7 billion to its shareholders in 2025. It repurchased 16.6 million shares for $1.34 billion during 2025. Since the commencement of its current $2 billion buyback program in October 2025, CF Industries has bought back 3.6 million shares for around $293 million.
The company is efficiently converting adjusted EBITDA to free cash flow. Its full-year 2025 free cash flow to adjusted EBITDA conversion rate was 62%, outpacing sector averages. The same for the first quarter was 51%.
The company is expected to continue generating significant free cash flow, leveraging its high-margin business, strategic execution and favorable global nitrogen industry dynamics, allowing it to invest in growth opportunities and enhance returns to its shareholders.
Among its peers, Nutrien Ltd. NTR generated solid cash flows in the first quarter, thanks to higher fertilizer benchmark pricing, increased retail earnings and record potash sales volumes. NTR’s cash provided in operating activities was $851 million in the first quarter. Nutrien generated an operating cash flow of $4 billion for full-year 2025.
The Mosaic Company’s MOS cash flow from operating activities was $104.2 million in the first quarter, up from $42.9 million a year ago, aided by improved working capital dynamics. Mosaic’s free cash flow was negative $252.6 million, consistent with typical first-quarter seasonality. MOS generated an operating cash flow of $825 million in 2025.
CF’s Price Performance, Valuation & Estimates
CF Industries has gained 22.7% in the past year compared with the Zacks Fertilizers industry’s rise of 4.4%.
Image Source: Zacks Investment Research
From a valuation standpoint, CF is currently trading at a forward 12-month earnings multiple of 7.71, a 36.8% discount relative to the industry average of 12.21X. It carries a Value Score of B.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for CF’s 2026 and 2027 earnings implies a year-over-year rise of 87.5% and a decline of 38.9%, respectively. The EPS estimates for 2026 and 2027 have been trending higher over the past 60 days.
Image Source: Zacks Investment Research
CF stock currently carries a Zacks Rank #1 (Strong Buy).
You can see the complete list of today’s Zacks #1 Rank stocks here.
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Can CF Industries' Strong Cash Flow Drive More Growth and Returns?

Nutrien Ltd. NTR has priced two senior note offerings totaling $1 billion, aimed at managing debt maturities while maintaining liquidity and operational stability. The company is issuing $500 million of 4.85% senior notes due May 29, 2031, and $500 million of 5.35% senior notes due May 29, 2036. The offering is expected to close around May 29, 2026, subject to customary closing conditions.
According to the company, proceeds from the offering will primarily be used to repay its $500 million 4% senior notes maturing on Dec. 15, 2026. Additional funds will help reduce debt under its short-term credit facilities, support working capital needs and cover general corporate purposes.
The new senior notes will be unsecured and will rank equally with NTR’s existing senior unsecured debt obligations. CIBC World Markets Corp., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and Scotia Capital (USA) Inc. are serving as joint book-running managers for the offering.
Nutrien ended the first quarter with cash and cash equivalents of $777 million, up from $701 million at the end of 2025. Long-term debt declined 5.6% to $8,825 million from $9,350 million at the end of 2025, while total long-term debt, including the current portion, was $9,861 million compared with $9,863 million at year-end.
Cash used in operating activities was $851 million in the first quarter. Nutrien said the year-over-year improvement primarily reflected higher fertilizer benchmark pricing, increased Retail earnings and record potash sales volumes.
Management reaffirmed full-year guidance following the quarter. Retail adjusted EBITDA is still expected in the $1.75-$1.95 billion range, reflecting the company’s outlook for crop input demand and downstream execution through the year.
Nutrien maintained its sales volume outlook across the upstream portfolio as well. Potash sales volumes are projected at 14.1-14.8 million tons, Nitrogen at 9.2-9.7 million tons and Phosphate at 2.4-2.6 million tons. The company also reiterated capital expenditures guidance of $2-$2.1 billion, with depreciation and amortization expected at $2.4-$2.5 billion and finance costs at $0.65-$0.75 billion.
NTR’s stock has gained 16.9% over the past year compared with the industry’s 8.3% growth.
Image Source: Zacks Investment Research
NTR’s Zacks Rank & Key Picks
NTR currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the Basic Materials space are CF Industries Holdings, Inc. CF, Albemarle Corporation ALB and Avino Silver & Gold Mines Ltd. ASM.
While CF and ALB sport a Zacks Rank #1 (Strong Buy) each at present, ASM carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CF’s 2026 earnings is pegged at $15.67 per share, indicating a rise of 67.24% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 11.42%. CF’s shares have soared 29.1% over the past year.
The Zacks Consensus Estimate for ALB’s 2026 earnings is pinned at $12.45 per share, indicating a 1,675.95% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing it in one, with an average surprise of 74.5%. ALB’s shares have jumped 208.7% over the past year.
The Zacks Consensus Estimate for ASM’s current fiscal-year earnings is pinned at 39 cents per share, indicating a 34.48% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the four trailing quarters, with an average earnings surprise of 125%.
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NTR Prices $1-Billion 5-Year and 10-Year Senior Notes Offering

Nutrien (NTR) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +6.99%. A quarter ago, it was expected that this producer of potash and other fertilizers would post earnings of $0.87 per share when it actually produced earnings of $0.83, delivering a surprise of -4.6%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Nutrien, which belongs to the Zacks Fertilizers industry, posted revenues of $6.05 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 12.87%. This compares to year-ago revenues of $5.1 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Nutrien shares have added about 25.2% since the beginning of the year versus the S&P 500's gain of 6%.
What's Next for Nutrien?
While Nutrien has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Nutrien was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.74 on $10.48 billion in revenues for the coming quarter and $5.34 on $28.4 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Fertilizers is currently in the top 11% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Mosaic (MOS), has yet to report results for the quarter ended March 2026. The results are expected to be released on May 11.
This fertilizer maker is expected to post quarterly earnings of $0.20 per share in its upcoming report, which represents a year-over-year change of -59.2%. The consensus EPS estimate for the quarter has been revised 10% lower over the last 30 days to the current level.
Mosaic's revenues are expected to be $2.75 billion, up 4.9% from the year-ago quarter.
Should You Invest in Nutrien Ltd. (NTR)?
Before you invest in Nutrien Ltd. (NTR), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
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Nutrien (NTR) Surpasses Q1 Earnings and Revenue Estimates

(RTTNews) - Nutrien Ltd. (NTR) announced a profit for its first quarter that Increases, from the same period last year
The company's earnings came in at $131 million, or $0.27 per share. This compares with $11 million, or $0.02 per share, last year.
Excluding items, Nutrien Ltd. reported adjusted earnings of $245 million or $0.51 per share for the period.
The company's revenue for the period rose 18.5% to $6.046 billion from $5.100 billion last year.
Nutrien Ltd. earnings at a glance (GAAP) :
-Earnings: $131 Mln. vs. $11 Mln. last year. -EPS: $0.27 vs. $0.02 last year. -Revenue: $6.046 Bln vs. $5.100 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Nutrien Ltd. Bottom Line Climbs In Q1

The following companies are expected to report earnings after hours on 05/06/2026. Visit our Earnings Calendar for a full list of expected earnings releases.
Arm Holdings plc (ARM)is reporting for the quarter ending March 31, 2026. The electric company company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.38. This value represents a 9.52% decrease compared to the same quarter last year. In the past year ARM has met analyst expectations three times and beat the expectations the other quarter. Zacks Investment Research reports that the 2026 Price to Earnings ratio for ARM is 245.69 vs. an industry ratio of -287.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Applovin Corporation (APP)is reporting for the quarter ending March 31, 2026. The technology services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $3.40. This value represents a 103.59% increase compared to the same quarter last year. In the past year APP has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 12.11%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for APP is 30.41 vs. an industry ratio of 11.80, implying that they will have a higher earnings growth than their competitors in the same industry.
DoorDash, Inc. (DASH)is reporting for the quarter ending March 31, 2026. The internet services company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.38. This value represents a 13.64% decrease compared to the same quarter last year. The last two quarters DASH had negative earnings surprises; the latest report they missed by -17.24%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for DASH is 68.09 vs. an industry ratio of 42.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Warner Bros. Discovery, Inc. (WBD)is reporting for the quarter ending March 31, 2026. The broadcast (radio/tv) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $-0.10. This value represents a 44.44% increase compared to the same quarter last year. Zacks Investment Research reports that the 2026 Price to Earnings ratio for WBD is -194.43 vs. an industry ratio of 123.10.
Fortinet, Inc. (FTNT)is reporting for the quarter ending March 31, 2026. The security company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.53. This value represents a 3.92% increase compared to the same quarter last year. In the past year FTNT has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 7.58%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for FTNT is 34.19 vs. an industry ratio of -415.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Coherent Corp. (COHR)is reporting for the quarter ending March 31, 2026. The technology services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.23. This value represents a 83.58% increase compared to the same quarter last year. In the past year COHR has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 7.77%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for COHR is 72.05 vs. an industry ratio of 11.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Realty Income Corporation (O)is reporting for the quarter ending March 31, 2026. The reit company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.10. This value represents a 3.77% increase compared to the same quarter last year. O missed the consensus earnings per share in the 2nd calendar quarter of 2025 by -0.94%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for O is 14.29 vs. an industry ratio of 14.60.
MetLife, Inc. (MET)is reporting for the quarter ending March 31, 2026. The insurance company's consensus earnings per share forecast from the 8 analysts that follow the stock is $2.25. This value represents a 14.80% increase compared to the same quarter last year. Zacks Investment Research reports that the 2026 Price to Earnings ratio for MET is 8.10 vs. an industry ratio of 12.20.
Sun Life Financial Inc. (SLF)is reporting for the quarter ending March 31, 2026. The life insurance company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.35. This value represents a 6.30% increase compared to the same quarter last year. In the past year SLF has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2026 Price to Earnings ratio for SLF is 12.84 vs. an industry ratio of 9.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Nutrien Ltd. (NTR)is reporting for the quarter ending March 31, 2026. The fertilizers company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.39. This value represents a 680.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2026 Price to Earnings ratio for NTR is 15.60 vs. an industry ratio of 15.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Atmos Energy Corporation (ATO)is reporting for the quarter ending March 31, 2026. The gas distribution company's consensus earnings per share forecast from the 3 analysts that follow the stock is $3.37. This value represents a 11.22% increase compared to the same quarter last year. ATO missed the consensus earnings per share in the 2nd calendar quarter of 2025 by -0.85%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for ATO is 22.56 vs. an industry ratio of 10.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Axon Enterprise, Inc. (AXON)is reporting for the quarter ending March 31, 2026. The aerospace and defense company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.03. This value represents a 125.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2026 Price to Earnings ratio for AXON is 269.93 vs. an industry ratio of 39.60, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

After-Hours Earnings Report for May 6, 2026 : ARM, APP, DASH, WBD, FTNT, COHR, O, MET, SLF, NTR, ATO, AXON

CF Industries Holdings, Inc. CF is slated to report first-quarter 2026 results after the closing bell on May 6. The benefits of healthy nitrogen fertilizer demand in major markets and higher nitrogen prices are expected to reflect on its performance.
The Zacks Consensus Estimate for first-quarter earnings has been revised upward in the past 60 days. The consensus estimate for earnings is pegged at $2.35 per share, suggesting a 27% year-over-year rise. The Zacks Consensus Estimate for revenues currently stands at $1.77 billion, indicating a 6.2% rise on a year-over-year basis.
Image Source: Zacks Investment Research
CF beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters. In this timeframe, it delivered an earnings surprise of 13.2%, on average.
Image Source: Zacks Investment Research
Q1 Earnings Whispers for CF Stock
Our proven model predicts an earnings beat for CF this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is just the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
CF has an Earnings ESP of +1.07% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors Shaping CF’s Q1 Results
CF Industries is expected to have benefited from strong global demand for nitrogen fertilizers fueled by robust agricultural needs. Industrial demand for nitrogen has rebounded following pandemic-related disruptions. Global nitrogen requirement is expected to have remained strong in the March quarter due to healthy industrial demand and farmer economics.
Demand in North America is being fueled by favorable farm economics. CF Industries is also seeing strong demand for urea from Brazil and India. These two countries are expected to remain significant importers of urea globally, driven by higher domestic requirements.
CF, on its fourth-quarter call, said that the global nitrogen outlook remains positive for the near term, supported by strong demand and tight supply. India and Brazil will remain the world’s largest importers of urea, driving robust consumption, while inventories will stay below historical averages.
Higher demand is expected to have driven the company’s sales volumes in the first quarter. Our estimate for total sales volumes (thousand tons) is 4,996 for the first quarter, indicating a 10.3% sequential rise.
Higher nitrogen prices are also likely to have supported the company’s performance in the first quarter. In the fourth quarter, net sales rose roughly 23% year over year to roughly $1.87 billion. The average selling prices for most of the company’s core products increased compared to the prior year, driven by supply disruptions and strong global nitrogen demand. The favorable pricing trends are expected to have continued in the to-be-reported quarter.
CF Stock’s Price Performance and Valuation
CF’s shares have rallied 51.7% in a year, topping the Zacks Fertilizers industry’s 19.1% rise and the S&P 500’s increase of 32.9%. CF’s peers, Nutrien Ltd. NTR and The Mosaic Company MOS, have gained 33.9% and lost 24.3%, respectively, over the same period.
CF’s One-year Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, CF is currently trading at a forward price/earnings of 10.8X, a 19.7% discount relative to the industry average of 13.45X. It is trading at a discount to Nutrien and Mosaic. CF currently has a Value Score of B, while Mosaic and Nutrien carry a Value Score of A.
CF’s P/E F12M Vs. Industry, NTR & MOS
Image Source: Zacks Investment Research
Investment Thesis for CF Stock
CF Industries is capitalizing on the growing global demand for nitrogen fertilizers, driven by strong agricultural activity. Demand for nitrogen fertilizer remains strong in major markets such as North America, India and Brazil. Higher nitrogen prices have also contributed to a boost in CF Industries’ revenues. Strong demand and supply tightness have led to an uptick in nitrogen fertilizer prices.
CF Industries continues to focus on enhancing shareholder value. Robust cash flow supports aggressive buybacks and a healthy dividend, reinforcing shareholder returns.
Final Thoughts: Buy CF Shares
CF stock presents an attractive investment case ahead of its earnings announcement. Favorable farm economics, strong demand for nitrogen fertilizers and disciplined capital allocation underpin earnings visibility. With compelling nitrogen market fundamentals and price tailwinds firmly remaining in place, CF looks poised to deliver attractive returns to its investors, making it a prudent choice for those looking to capitalize on favorable market conditions.
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Is CF Industries Stock a Smart Buy Before Q1 Earnings Release?

Linde plc LIN reported first-quarter 2026 adjusted earnings per share (EPS) of $4.33, up 10% from $3.95 a year ago. The figure topped the Zacks Consensus Estimate of $4.27 by 1.41%.
Total quarterly revenues of $8.78 billion rose 8% from $8.11 billion recorded in the year-ago period. The top line beat the Zacks Consensus Estimate of $8.51 billion by 3.17%.
The strong quarterly results can be attributed to higher pricing and incremental project start-ups, which supported underlying growth.
Linde PLC Price, Consensus and EPS Surprise
LIN Leans on Price Attainment and Project Start-Ups
The top-line beat was driven by a mix of operational factors. Compared with the prior-year quarter, underlying sales increased 3%, supported by 2% price attainment and 1% volume growth, driven by project start-ups. Acquisitions added another 1% to sales growth.
LIN Protects Operating Leverage Despite Macro Friction
Linde reported operating profit of $2.44 billion and adjusted operating profit of $2.63 billion, up from $2.18 billion and $2.44 billion, respectively, recorded in the prior-year quarter.
Net income attributable to Linde increased from the year-ago figure of $1.67 billion to $1.86 billion. The company’s adjusted net income was $2.02 billion, up 7% year over year from $1.88 billion, reflecting stronger operating profit and ongoing productivity initiatives across segments.
LIN’s Segmental Highlights
Geographically, the Americas remained the key growth contributor, with segment sales of $4.03 billion, up 10% year over year from $3.67 billion. The increase was supported by stronger pricing and higher volumes, with electronics and manufacturing highlighted as key end markets. Segment operating profit reached $1.27 billion, up from $1.14 billion recorded in the year-ago quarter.
APAC sales rose to $1.70 billion, reflecting an 11% increase from $1.54 billion a year ago. Volumes were the main driver, aided by project start-ups and demand in electronics, as well as chemicals and energy. Segment operating profit increased from $451 million to $477 million for the quarter.
EMEA sales amounted to $2.17 billion, up 7% from the year-ago quarter’s figure of $2.03 billion. Underlying performance was less favorable, with volume pressure in chemicals, energy and manufacturing offsetting pricing gains. Segment operating profit improved to $784 million from $722 million recorded in the prior-year quarter.
Engineering sales decreased from $565 million in the prior-year quarter to $517 million. Operating profit in the Engineering segment declined to $101 million from $114 million in the prior-year quarter.
LIN’s Backlogs
At the end of the first quarter, the company’s high-quality project backlog amounted to $10.1 billion, comprising a sale-of-gas backlog of $7.1 billion.
Linde’s Cash Generation Supports Shareholder Returns
Cash flow remained supportive of capital returns and investment priorities. First-quarter operating cash flow was $2.24 billion, up 4% from $2.16 billion in the prior-year quarter. Capital expenditures totaled $1.34 billion, resulting in free cash flow of $898 million.
Capital deployment was directed toward returning cash to shareholders alongside continued growth investment. During the quarter, Linde returned $1.55 billion through dividends and stock repurchases, net of issuances. The company has raised its dividend by 7% in 2026, marking 33 consecutive years of dividend increases.
LIN’s 2026 Guidance
Management’s near-term and full-year guidance remained centered on steady execution rather than a sharp demand rebound. For the second quarter of 2026, Linde expects EPS to be in the range of $4.40-$4.50, implying 8% to 10% growth versus the prior-year quarter, or 7% to 9% excluding an estimated 1% currency benefit.
For full-year 2026, EPS is expected to be in the range of $17.60-$17.90, suggesting 7-9% growth and assuming a 1% favorable currency impact.
Capital expenditures are expected to be between $5.0 billion and $5.5 billion, reflecting both maintenance needs and growth spending tied to the company’s contractual project pipeline.
LIN’s Zacks Rank & Key Picks
LIN currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the basic materials sector are Dow Inc. DOW, CF Industries Holdings, Inc. CF and Nutrien Ltd. NTR. Both DOW and CF sport a Zacks Rank #1 (Strong Buy) at present, while NTR carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Dow reported a first-quarter 2026 loss of 14 cents per share, narrower than the Zacks Consensus Estimate of a loss of 39 cents.
As of March 31, 2026, DOW reported $4.1 billion in cash and cash equivalents. At the quarter's end, its long-term debt amounted to $17.3 billion.
CF Industries is the largest producer of ammonia globally. The company is scheduled to release first-quarter 2026 earnings on May 7. The Zacks Consensus Estimate for CF’s earnings is pegged at $2.35 per share, which implies an increase of 27% from the prior-year reported figure.
Nutrien, based in Canada, is a leading integrated provider of crop inputs and services. NTR is scheduled to release first-quarter 2026 earnings on May 6. The Zacks Consensus Estimate for NTR’s earnings is pegged at 48 cents per share, which implies an increase of 336.4% from the prior-year reported figure.
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Linde Q1 Earnings Beat Estimates, Revenues Rise Y/Y, Dividend Raised

Nutrien Ltd. NTR is set to release first-quarter 2026 results after the closing bell on May 6.
NTR beat the Zacks Consensus Estimate for earnings in two of the trailing four quarters, and missed it twice. It delivered a trailing four-quarter negative earnings surprise of around 14.1%, on average. The company is expected to have benefited from healthy demand for crop nutrients, its actions to reduce costs and higher fertilizer prices in the first quarter.
NTR’s shares are up 33.7% in the past year compared with the Zacks Fertilizers industry’s 18.6% rise.
Image Source: Zacks Investment Research
Let’s see how things are shaping up for this announcement.
What Our Model Unveils for NTR Stock
Our proven model predicts an earnings beat for Nutrien this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is just the case here.
Earnings ESP: Earnings ESP for NTR is +13.99%. The Zacks Consensus Estimate for the first quarter is currently pegged at 48 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: NTR currently carries a Zacks Rank #2.
What Do NTR’s Revenue Estimates Say?
The Zacks Consensus Estimate for first-quarter consolidated revenues for NTR is currently pegged at $5,356.7 million, reflecting a year-over-year rise of 5%.
For the Nutrien Ag Solutions (Retail) segment, our estimate stands at $3,439 million, indicating an 11.3% year-over-year rise. The same for the Potash division is pegged at $717 million, implying a 3.6% decline from last year’s tally.
Our estimate for the Nitrogen segment’s revenues is pinned at $795 million, suggesting a 16.7% year-over-year decline. The same for the Phosphate segment's revenues is pegged at $344 million, indicating a 4.4% decline from a year ago.
Factors at Play for NTR Stock
Nutrien is expected to have benefited from higher demand for fertilizers, backed by the strength in global agriculture markets, in the March quarter. It is seeing healthy fertilizer demand in its major markets.
Favorable farmer economics, improved affordability and low inventory levels are expected to drive potash demand globally. The phosphate market is also supported by low producer and channel inventories. Restricted exports from China have also led to supply tightness in this market. Demand for nitrogen fertilizer also remains healthy in major markets. Global nitrogen requirement is driven by demand in North America, India and Brazil. A resurgence in industrial nitrogen demand also bodes well.
Expanded planted acreage and increased crop input demand in North America and Brazil signal favorable conditions for continued growth. The company expects crop acreage to be consistent year over year in 2026, supporting its strong outlook for fertilizer demand in North America in the first half.
Cost and operational efficiency initiatives are also expected to have aided the company’s first-quarter performance. NTR remains focused on lowering the cost of production in the potash business. It has announced several strategic actions to reduce its controllable costs and boost free cash flow. It surpassed the $200 million annual cost savings target for 2025, achieving it a year earlier than its initial target. It expects sustained cost-reduction efforts across all geographies to aid margin improvement in 2026.
Higher prices of crop nutrients are also expected to have driven the company’s top line and margins. Strong demand and supply tightness have led to an uptick in fertilizer prices, with phosphate prices seeing a notable increase. Prices were driven by solid agricultural demand in major markets, China’s export restrictions, U.S. tariffs and higher costs of inputs. The upward momentum in fertilizer prices continues this year.
Nutrien Ltd. Price and EPS Surprise
Basic Materials Stocks That Warrant a Look
Here are some companies in the basic materials space you may want to consider as our model shows they too have the right combination of elements to post an earnings beat this quarter:
CF Industries Holdings, Inc. CF, scheduled to release earnings on May 6, has an Earnings ESP of +1.07% and carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for CF’s earnings for the first quarter is currently pegged at $2.35.
Albemarle Corporation ALB, scheduled to release earnings on May 6, has an Earnings ESP of +20.21% and carries a Zacks Rank #3 at present.
The consensus mark for ALB’s first-quarter earnings is currently pegged at $1.24.
Barrick Mining Corporation B, slated to release earnings on May 11, has an Earnings ESP of +1.97%.
The Zacks Consensus Estimate for B's earnings for the first quarter is currently pegged at 74 cents. B currently carries a Zacks Rank #3.
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The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
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Indicator	TTM Median
P/E	32.85 23.59
Price/Sales	0.91 1.39
P/B	0.95 1.82
P/FCF	10.30 26.06

Indicator	TTM Median
ROE	2.92 13.61
ROA	1.39 6.13
ROI	2.14 9.18
Net Worth	24.22 1.71
Quick Ratio	0.82 1.21
Current Ratio	1.27 2.00

Indicator	TTM Median
Net Profit Margin	2.76 8.35
Operating Margin	6.60 12.06
Gross Margin	29.06 28.06
Return on tangible equity	7.24 16.74

Indicator	TTM Median
EPS	0.39 0.32
EPS Forecast	0.43 0.28
Revenue	5.35B 210.00M
Gross Profit	1.50B —
EBITDA	794.00M —

Nutrien Ltd.

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