AGCO Q2 2024 Adj. EPS $2.53 Misses $2.90 Estimate, Sales $3.247B Miss $3.482B Estimate
Portfolio Pulse from Benzinga Newsdesk
AGCO reported Q2 2024 adjusted EPS of $2.53, missing the $2.90 estimate. Sales were $3.247 billion, below the $3.482 billion estimate and down 15.06% from last year.
July 30, 2024 | 11:33 am
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NEGATIVE IMPACT
AGCO's Q2 2024 earnings and sales missed analyst estimates, with EPS at $2.53 vs. $2.90 expected and sales at $3.247B vs. $3.482B expected. Sales also decreased by 15.06% YoY.
AGCO's significant miss on both EPS and sales estimates, along with a notable year-over-year sales decline, is likely to negatively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100