Intrepid Potash (IPI) Reports Next Week: Wall Street Expects Earnings Growth

Company Overview - Intrepid Potash (IPI) is expected to report a year-over-year increase in earnings of +120.8%, with an estimated earnings per share (EPS) of $0.11 for the quarter ended September 2024 [3] - Revenues are projected to be$42.57 million, reflecting a decrease of 8.6% compared to the same quarter last year [3] Earnings Expectations - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4] - The Most Accurate Estimate for Intrepid Potash is the same as the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, but the predictive power is significant primarily for positive readings [7] - Intrepid Potash currently holds a Zacks Rank of 2 (Buy), which complicates the prediction of an earnings beat despite the 0% Earnings ESP [11] Historical Performance - In the last reported quarter, Intrepid Potash was expected to post earnings of $0.02 per share but delivered break-even earnings, resulting in a surprise of -100$1.05 for the same quarter, indicating a year-over-year change of +23.5% [17] - CF's revenues are anticipated to be $1.21 billion, down 4.7% from the previous year, with a revised EPS estimate reflecting a 7.08% Earnings ESP, suggesting a higher likelihood of beating the consensus [18]