Q: Please comment on the earning . Is SHOP growth slowing ? Thanks a lot.
5i Research Answer:
SHOP comments are now posted. Growth is improving over expectations. NTR earnings per share were $2.53, 9% off estimates of $2.79. Revenue of $11.65B beat estimates of $10.95B. NTR also cut its forecast to $3.85 to $5.60 per share, from $5.50 to $7.50. NTR is suspending its ramp up of annual potash production, and reducing capital expenditures on lower demand. The crop market continues to be highly volatile making the future uncertain. EPS is expected to drop sharply this year, with about 10% growth in 2024.