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Nutrien (NTR) Dips More Than Broader Markets: What You Should Know

Nutrien (NTR) closed the most recent trading day at $78.71, moving -0.49% from the previous trading session. This move lagged the S&P 500's daily loss of 0.07%. Meanwhile, the Dow gained 0.31%, and the Nasdaq, a tech-heavy index, lost 3.22%.

Heading into today, shares of the producer of potash and other fertilizers had gained 6.82% over the past month, lagging the Basic Materials sector's gain of 8.15% and outpacing the S&P 500's gain of 4.64% in that time.

Nutrien will be looking to display strength as it nears its next earnings release, which is expected to be February 15, 2023. In that report, analysts expect Nutrien to post earnings of $2.63 per share. This would mark year-over-year growth of 6.48%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.55 billion, up 3.88% from the year-ago period.

Investors should also note any recent changes to analyst estimates for Nutrien. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 10.21% lower. Nutrien is currently sporting a Zacks Rank of #5 (Strong Sell).

Looking at its valuation, Nutrien is holding a Forward P/E ratio of 6.82. This represents a premium compared to its industry's average Forward P/E of 6.32.

Investors should also note that NTR has a PEG ratio of 0.85 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Fertilizers was holding an average PEG ratio of 0.85 at yesterday's closing price.

The Fertilizers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 242, putting it in the bottom 4% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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