Despite the uncertain macroeconomic environment, crop nutrient manufacturer The Mosaic Company (MOS) has gained 4.9% in price over the past month and 11.4% over the past year to close the last trading session at $46.72.
MOS missed the consensus EPS and revenue estimates in the third quarter. Its EPS came 5.2% below analyst estimates, and its revenue came 7.5% lower than the consensus estimate. MOS’ President and CEO, Joc O’Rourke, said, “Mosaic delivered record sales in the first nine months of 2022, and we expect favorable fundamentals as we conclude the year and look forward to 2023.”
