Bunge Global (BG) Scheduled to Post Quarterly Earnings on Wednesday

Bunge Global (NYSE:BG - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $2.11 per share for the quarter. Bunge Global has set its FY 2024 guidance at 9.250-9.250 EPS and its FY24 guidance at ~$9.25 EPS.Parties that are interested in registering for the company's conference call can do so using this link.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.06). Bunge Global had a net margin of 2.33% and a return on equity of 14.84%. The company had revenue of $13.24 billion for the quarter, compared to the consensus estimate of $14.30 billion. During the same period last year, the company earned $3.72 earnings per share. Bunge Global's revenue for the quarter was down 12.0% compared to the same quarter last year. On average, analysts expect Bunge Global to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Bunge Global Trading Down 0.4 %

BG stock traded down $0.38 during trading on Wednesday, hitting $88.99. The company had a trading volume of 2,063,710 shares, compared to its average volume of 1,494,279. The stock has a market cap of $12.60 billion, a price-to-earnings ratio of 7.17 and a beta of 0.64. The company has a quick ratio of 0.97, a current ratio of 2.03 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $97.10 and a 200-day moving average price of $102.65. Bunge Global has a 12 month low of $86.10 and a 12 month high of $114.92.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered Bunge Global from a "buy" rating to a "neutral" rating and cut their price target for the company from $125.00 to $114.00 in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Bunge Global has an average rating of "Moderate Buy" and an average price target of $118.00.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.