Intrepid Potash(IPI) ZACKS·2024-11-05 00:30Company Performance - Intrepid Potash reported a quarterly loss of 0.11, representing an earnings surprise of -227.27% [1] - The company posted revenues of 46.56 million year-over-year [2] - Over the last four quarters, Intrepid Potash has not surpassed consensus EPS estimates, but it has topped revenue estimates four times [2] Stock Outlook - The immediate price movement of Intrepid Potash's stock will largely depend on management's commentary during the earnings call [3] - The stock has underperformed the market with a gain of about 6.2% since the beginning of the year, compared to the S&P 500's gain of 20.1% [3] - The current consensus EPS estimate for the upcoming quarter is 50.57 million, and for the current fiscal year, it is 212.23 million [7] Industry Context - The Fertilizers industry, to which Intrepid Potash belongs, is currently ranked in the top 17% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5] - Another company in the same industry, ICL Group, is expected to report a quarterly earnings decline of -27.3% and revenues of $1.73 billion, down 6.9% from the previous year [9][10]