Bunge Q2 Adj. EPS $3.72 Beats $2.61 Estimate, Sales $15.05B Miss $16.18B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bunge (NYSE:BG) reported Q2 earnings of $3.72 per share, beating the analyst consensus estimate of $2.61 by 42.53%. This is a 25.25% increase from the same period last year. However, the company's quarterly sales of $15.05 billion missed the analyst consensus estimate of $16.18 billion by 6.99%, marking a 16.08% decrease from the same period last year.
August 04, 2023 | 10:45 am
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NEUTRAL IMPACT
Bunge's Q2 earnings beat estimates but sales missed, indicating mixed performance.
Bunge's earnings beat estimates, which is positive for the stock. However, the miss on sales could offset this positive impact, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100