) is set to report fiscal fourth-quarter 2013 results on Oct 2
before the market opens. Last quarter, the company posted a 3.75%
positive surprise. Let's see how things are shaping up for this
Factors to Consider This Quarter
Monsanto has been delivering strong results over the past few
quarters. The company's increased production, as a result of
research and development efforts are proving beneficial. The
improved product line based on evolving bio-science technology
continues to provide the company a competitive edge over its
peers. Global corn business is also on the rise, led by increases
in regions like Latin America and Eastern Europe.
Last quarter, management was optimistic of reaching earnings
per share range of $4.50-$4.55 in fiscal 2013, reflecting roughly
20% year-over-year growth. Monsanto also maintained its free cash
flow expectations within the range of $1.8 billion-$2.0
Our proven model does not conclusively show that Monsanto is
likely to beat earnings this quarter. That is because a stock
needs to have both a positive Zacks
and a Zacks Rank of #1, 2 or 3 for this to happen. That is not
the case here, as you will see below.
The Zacks ESP is 0.0%.
Zacks Rank #3 (Hold):
Monsanto carries a Zacks Rank #3 (Hold). However, the Zacks Rank
#3 (Hold) when combined with a 0.0% ESP makes surprise prediction
difficult. We caution against stocks with Zacks Ranks #4 and 5
(Sell-rated stocks) going into the earnings announcement.
Other Stocks to Consider
Here are some other companies you may want to consider, as our
model shows they have the right combination of elements to post
an earnings beat this quarter:
The Scotts Miracle-Gro Company
), with Earnings ESP of +5.26% and a Zacks Rank #2 (Buy).
), with Earnings ESP of +1.85% and a Zacks Rank #3 (Hold).
), with Earnings ESP of +0.66% and a Zacks Rank #3 (Hold).
HUNTSMAN CORP (HUN): Free Stock Analysis
MONSANTO CO-NEW (MON): Free Stock Analysis
PRAXAIR INC (PX): Free Stock Analysis Report
SCOTTS MIRCL-GR (SMG): Free Stock Analysis
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