How does MI's recent earnings surprise compare to past quarters?

The Mosaic Company's (MI) recent earnings performance shows a decline compared to the past quarters, indicating a challenging period for the company.

1. Recent Earnings Performance: The latest report period for Mosaic is for Q2 2024. However, no earnings surprise was reported for this quarter, which suggests that the earnings figures were in line with the market expectations.

2. Historical Performance: Mosaic's earnings per share (EPS) has experienced a significant decline of 71% over the last year. This decline is a cause for concern and may indicate underlying issues within the company that need to be addressed.
3. Sales Volumes and Revenues: Despite the earnings challenges, Mosaic's sales volumes and revenues for certain business segments showed improvement. For instance, the combined April and May 2024 sales volumes for Potash and Phosphates segments increased, and sales revenues were higher compared to the same period in the previous year.
4. Institutional Ownership and Market Sentiment: Institutional investors own 50% of Mosaic's shares, indicating significant influence over the company's share price. The recent appointment of a new CFO may signal an attempt to address the financial challenges facing the company.

In conclusion, while there are some positive indicators in terms of sales volumes and revenues, the overall earnings performance of Mosaic in the recent quarter is disappointing compared to the past. The company's management may need to focus on improving profitability and addressing the concerns of institutional investors to stabilize the stock and restore confidence in the company's future prospects.