Federal Agricultural Q3 Adj EPS $4.13 Beats $4.00 Estimate, Sales $89.31M Beat $86.13M Estimate
Portfolio Pulse from mahesh@benzinga.com
Federal Agricultural (NYSE:AGM) reported Q3 earnings of $4.13 per share, beating the analyst consensus estimate of $4.00 by 3.25%. This is a 34.53% increase from the same period last year. The company also reported quarterly sales of $89.31 million, beating the estimate of $86.13 million by 3.69%, a 27.01% increase from last year.
November 06, 2023 | 10:44 pm
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Federal Agricultural's Q3 earnings and sales beat estimates, showing a significant increase from the same period last year.
Federal Agricultural reported better than expected Q3 earnings and sales, which is typically a positive signal for the company's stock. The significant YoY increase in both earnings and sales suggests strong performance and growth, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100