Agrium, which reports earnings on Wednesday, has been on a tear ever since fertilizer peer, Potash Corp, received a bid from BHP Billiton. Agrium closed trading on Friday at $88.51, which is up over 40% in the past three months. Analysts expect the company to earn $0.87 per share on revenue of $2.10 billion.
Potash Corp of Saskatchewan had reported previously, earnings $1.32 per share, beating analyst estimates of $1.16. The entire sector however has been heated up, as the seemingly rare fertilizer products that the industry produces is in high demand. It is still unclear what the fate of Potash Corp will be and if BHP Billiton will increase its bid.
To Read Kibbens' Potash report, click here.
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