Agricultural products giant
) is all set to unveil its first quarter 2013 results before the
start of trading on January 8, 2013. The Zacks Consensus Estimate
for the first quarter is 37 cents (estimated year-over-year
increase of 60.1%) on revenues of $2.66 billion (year-over-year
increase of 9.2%).
Second Quarter Recap
Monsanto's fiscal fourth quarter 2012 (ended August 31, 2012)
loss per share from ongoing business of 44 cents was much wider
than a loss of 22 cents reported in the year-ago quarter. The
loss was however in line with the Zacks Consensus Estimate of a
loss per share of 44 cents.
The company generated revenues of $2,110 million in the fourth
quarter, down 6.1% year over year. The results were in line with
the Zacks Consensus Estimate of $2,110 million.
For the fiscal 2012, revenue amounted to $13,516 million, up
14.3% from $11,822 million reported in 2011 and down from the
Zacks Consensus Estimate of $13,627 million.
Read our full report at
MON Posts In-Line 4Q Results
Agreement of Estimate Revisions
Over the past 30 days, only one of 11 estimates for Monsanto's
first quarter 2013 earnings has been revised upward. None of the
estimates have been reduced for the quarter over that timeframe.
Of 17 estimates for 2013, none have been revised in either
direction over the last 30 days.
Magnitude of Estimate Revisions
Given the limited estimate revisions, the consensus estimate
for the first quarter of 2013 has increased by a cent over the
last 7 as well as 30 days to 37 cents. The consensus estimate for
2013 has also increased by a cent to $4.39 over the same
Monsantodid well in the last four trailing quarters as far as
its performance is concerned in relation to the Zacks Consensus
Estimate; measured in terms of earnings surprise. Although not by
a consistently high margin, the company outdid the Zacks
Consensus Estimate in three out of the four trailing quarters,
with an average earnings surprise of 10.4%.
Currently, the stock carries a Zacks #2 Rank (a short-term Buy
rating) whereas its competitor
) bears a Zacks #1 Rank (Strong Buy).
We are optimistic about revenue and earnings escalation for
the forthcoming quarter, in view of the seasonal nature of the
company, given the purchasing and growing patterns of the US,
Latin America and Europe, which are the largest contributors to
However, sales are expected to peak in the second quarter of
fiscal 2013. Management now forecasts earnings in the range of
$4.18-$4.32 for fiscal 2013, much better than $3.70 reported in
fiscal 2012, gaining from increased production activities and
COSAN LTD-A (CZZ): Free Stock Analysis Report
MONSANTO CO-NEW (MON): Free Stock Analysis
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