Intrepid Potash Inc reports results for the quarter ended June 30 - Earnings Summary

• Intrepid Potash Inc IPI reported quarterly adjusted earnings of 25 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -6 cents. The mean expectation of two analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from 4 cents to 17 cents per share.

• Revenue rose 15.2% to $71.47 million from a year ago; analysts expected $56.14 million.

• The company reported quarterly net income of $3.26 million.

• Intrepid Potash Inc shares had fallen by 6.6% this quarter and gained 52.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy," no "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the agricultural chemicals peer group is "buy."

• Wall Street's median 12-month price target for Intrepid Potash Inc is $24.00, about 29.3% below its last closing price of $31.03

This summary was machine generated from LSEG data August 7 at 12:18 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)