2231 GMT - Incitec Pivot's heavy weighting toward 2H for its earnings raises concern at Citi that it may miss consensus expectations. Incitec last week forecast that 65% of annual earnings within its global Dyno Nobel business and 90% of its fertilizer earnings would be generated in 2H. Analyst William Park says those forecasts suggest upgrades to 2H Ebit. "However, we acknowledge that headwinds prevalent in 1H could emerge in 2H alongside other external factors including commodity price fluctuations," says Citi, which has a neutral call on Incitec's stock. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
March 30, 2025 18:31 ET (22:31 GMT)
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