Bunge Q3 Adj EPS $2.99 Beats $2.50 Estimate, Sales $14.23B Miss $15.32B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bunge (NYSE:BG) reported Q3 adjusted earnings of $2.99 per share, beating the analyst consensus estimate of $2.50 by 19.6%. However, this is a 13.33% decrease from the same period last year. The company's quarterly sales were $14.23 billion, missing the analyst consensus estimate of $15.32 billion by 7.13%, and marking a 15.11% decrease from the same period last year.
October 26, 2023 | 10:03 am
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NEUTRAL IMPACT
Bunge's Q3 earnings beat estimates but sales missed, and both earnings and sales decreased compared to the same period last year.
While Bunge's earnings beat estimates, the miss on sales and the decrease in both earnings and sales compared to the same period last year could have a neutral impact on the stock. Investors may be encouraged by the earnings beat, but concerned about the sales miss and the year-over-year decreases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100