Mosaic Company (MOS):
Mosaic Company is another high flyer. MOS will have its conference call on Friday, April 4th at 10 am eastern time. Consensus estimates for Mosaic have grown steady for the quarter, starting out at .86 cents and standing at .95 cents today.
We expect MOS to report earnings above Wall Street’s expectations.
One of MOS’s competitors, Monsanto (MON) should give us a sneak peek as to what to expect from MOS. Monsanto will release their earnings before the market opens on Wednesday. Investors should keep a close eye on Monsanto, as both MOS and MON are benefiting from the same metrics; the rise in fertilizer and commodity prices.
If Monsanto knocks the ball out of the park, expect Mosaic to do the same.
Again, aggressive traders might want to look at the April 105 or 110 calls. With a positive earnings surprise and some upward guidance from management, we feel $120 is not out of the question. At $120 by April 7th, the 105s offer up 120% gains and the 110 calls 142% based on Friday’s closing prices of $7.70 and $5.40 respectively
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