CF Industries (CF) shares surged 13.2% on the last trading session, closing at $136, driven by increased trading volume. This rally is attributed to rising nitrogen fertilizer prices due to supply disruptions related to the ongoing war in the Middle East, particularly following Iran’s closure of the Strait of Hormuz. Over the past four weeks, CF shares have gained 23.9%.
The company is expected to report quarterly earnings of $2.12 per share, reflecting a 14.6% year-over-year increase, with projected revenues of $1.74 billion — up 4.7% from last year. The consensus EPS estimate has been revised 9.1% higher in the last 30 days, indicating potential for further price appreciation. CF currently holds a Zacks Rank of #3 (Hold).
In comparison, Nutrien (NTR) also experienced a gain, closing 5.8% higher at $83.94, with a year-over-year EPS change of +345.5% expected in its upcoming report, maintaining a Zacks Rank of #3 (Hold).
