Mosaic Co Reports Q2 Earnings Miss Amid Sales Growth Despite Market Challenges

In the second quarter, Mosaic Corporation posted adjusted earnings per share (EPS) of 51 cents, falling short of analysts' consensus estimate of 72 cents and the previous year's 54 cents. The company's net sales reached $3.0 billion, representing a 6.5% year-over-year increase but still below the projected $3.07 billion. Adjusted EBITDA stood at $566 million, a decline of 3.1% compared to the prior year and below the anticipated $673 million. Potash sales volume remained stable at 2.3 million tonnes, matching last year's figures but under the estimated 2.43 million tonnes. Looking ahead, Mosaic anticipates phosphate sales for the third quarter to range between 1.8 million and 2.0 million tonnes, with an estimate of 1.91 million tonnes. Potash sales are projected to be between 2.2 million and 2.4 million tonnes, close to the estimated 2.25 million tonnes. The company's full-year capital expenditure guidance remains between $1.2 billion and $1.3 billion. Currently, analyst ratings show 11 buy recommendations and 8 hold ratings, with no sell ratings assigned. Independent analysts, such as Baptista Research on Smartkarma, have provided detailed insights into Mosaic's performance. T...