The Mosaic Company · MOS · FY2024 Q4 · Calendar Q1 2025

Mosaic sees constructive fertilizer markets amid operational risks

The supplied analysis supports a cautiously constructive Mosaic operating outlook: strong fertilizer margins, tight phosphate supply, cost reduction, and project execution are positives, but production turnarounds, foreign exchange, tariffs, geopolitics, and Brazil credit risk remain material offsets.

Reported After market closeNYSEBasic Materials $5.98B market cap
80quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $0.53
EPS surprise — Reported versus consensus
Reported revenue — Consensus $2.92B
Revenue surprise — Reported versus consensus

Market reaction

event-close to next-session close
Stock move -4.7% Event window
SPY move +1.6% Same window
Abnormal move -6.2% Stock minus SPY
Volume 7.3× Versus trailing sessions
Subsequent drift +13.9% Up to 20 sessions
MOSSPY benchmark

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Transcript intelligence

What changed

Compared with the prior-quarter analysis, the focus shifted from Q3 disruption resilience and year-end phosphate run-rate execution to Q4 margin strength, progress on cost reduction, strategic portfolio optimization, and 2025 project and capacity plans.

Guidance delta

Management's guidance sentiment was maintained. The call analysis points to constructive agricultural markets and improved production volumes in 2025, while flagging weather, foreign-exchange, tariff, and geopolitical risks.

Key takeaways

  • Management highlighted Q4 net income of $169 million and adjusted EBITDA of $594 million, supported by potash and phosphate margins.
  • The company said its $150 million cost-reduction target was on track, with about half already realized.
  • Mosaic is advancing portfolio actions and projects while monitoring production turnarounds, Brazil, foreign exchange, and possible tariffs.

Management priorities

  • Restore phosphate capacity through turnarounds at Bartow and New Wales.
  • Complete the Hydrofluid project and one-million-ton blending plant in 2025.
  • Expand Mosaic Biosciences products and acreage while evaluating non-core assets.

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Earnings History

Estimate Beat Miss Match
MOS EPS earnings history estimate and actual scatter chart 8 reported fiscal quarters and 3 future estimate-only quarters. Q4 '23 estimate $0.82 Q4 '23 actual $0.71, miss Q1 '24 estimate $0.60 Q1 '24 actual $0.65, beat Q2 '24 estimate $0.68 Q2 '24 actual $0.54, miss Q2 '25 estimate $0.67 Q2 '25 actual $0.51, miss Q3 '25 estimate $0.97 Q3 '25 actual $1.04, beat Q4 '25 estimate $0.48 Q4 '25 actual $0.22, miss Q1 '26 estimate $0.24 Q1 '26 actual $0.05, miss Q2 '26 estimate $0.12 Q2 '26 actual $0.13, match Q3 '26 estimate $0.01 Q4 '26 estimate $0.26 Q1 '27 estimate $0.36

Analyst Consensus ?

ConsensusHold46 ratings
Bullish1328.3%
Neutral2656.5%
Bearish715.2%

Analyst 52W Price Targets

$17.92Current
$22Low
$34.66Average
$60High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 20, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Barclays Equal Weight Equal WeightMaintainOct 16, 2026
Mizuho Neutral NeutralMaintainOct 13, 2026
RBC Capital Sector Perform OutperformDowngradeOct 5, 2026
Freedom Broker Sell BuyDowngradeAug 13, 2026
Morgan Stanley Equal Weight Equal WeightMaintainJun 30, 2026
Show 41 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $17.92. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
BarclaysAnalyst unavailable$22$18.95 +22.8%Oct 16, 2026
Mizuho SecuritiesAnalyst unavailable$22$18.85 +22.8%Oct 13, 2026
RBC CapitalAndrew Wong$25$21.07 +39.5%Oct 5, 2026
Mizuho SecuritiesEdlain Rodriguez$25$22.71 +39.5%Aug 5, 2026
Morgan StanleyAnalyst unavailable$26$22.44 +45.1%Jun 30, 2026
See 61 more

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Company context

Snapshot as of publication

Operating on a global scale via its various subsidiaries, The Mosaic Company specializes in the creation and distribution of concentrated phosphate and potash crop nutrients. Its business is structured into three distinct segments: Phosphates, Potash, and Mosaic Fertilizantes. The company maintains and operates its own mining facilities to extract raw materials, which are then processed into a diverse array of phosphate-based products. These offerings encompass crucial agricultural fertilizers such as diammonium phosphate (DAP), monoammonium phosphate (MAP), and various ammoniated phosphate compounds. Additionally, Mosaic produces phosphate-derived ingredients for animal feed, primarily marketed under the Biofos and Nexfos brands, along with K-Mag, a unique double sulfate of potash magnesia product.…

Historical context

All MOS earnings

Basic Materials peers this season

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AA Alcoa Corporation FY2026 Q3 · Calendar Q4 2026 +20.5% +7.2% Alcoa: Strong Q3 execution, with safety and transaction risks ahead

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-02-13T00:00:14.471520+00:00
  3. Polygon adjusted daily market bars · 2026-10-19T23:10:44.164195+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-19T23:10:44.160619+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-19. For educational purposes only; not investment advice.