Earnings Preview: AGCO
Portfolio Pulse from Benzinga Insights
AGCO (NYSE:AGCO) is set to release its latest quarterly earnings report on Tuesday, 2023-10-31. Analysts estimate an earnings per share (EPS) of $3.29. Last quarter, the company beat EPS by $0.56, which was followed by a 0.03% drop in the share price. Shares of AGCO were trading at $110.64 as of October 27, and over the last 52-week period, shares are down 4.28%.
October 30, 2023 | 4:02 pm
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NEGATIVE IMPACT
AGCO is expected to report an EPS of $3.29 in its upcoming earnings. The company's stock price has been generally negative over the past year, with a 4.28% decrease.
AGCO's upcoming earnings report is highly relevant as it directly impacts the company's stock price. Given the negative trend in the stock price over the past year, and the fact that a previous earnings beat was followed by a slight drop in share price, it is likely that the stock price may continue to be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100