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Here's What Key Metrics Tell Us About Bunge Global (BG) Q3 Earnings
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For the quarter ended September 2024, Bunge Global (BG - Free Report) reported revenue of $12.91 billion, down 9.3% over the same period last year. EPS came in at $2.29, compared to $2.99 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $12.68 billion, representing a surprise of +1.84%. The company delivered an EPS surprise of +5.05%, with the consensus EPS estimate being $2.18.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Bunge Global performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Volumes - Agribusiness: 19,892 Kmt versus 19,791.2 Kmt estimated by two analysts on average.
Volumes - Milling products: 961 Kmt compared to the 956.75 Kmt average estimate based on two analysts.
Volumes - Refined & Specialty Oils: 2,334 Kmt versus 2,312.17 Kmt estimated by two analysts on average.
Net sales to external customers- Agribusiness: $9.29 billion compared to the $9.05 billion average estimate based on two analysts. The reported number represents a change of -7.8% year over year.
Net sales to external customers- Sugar and Bioenergy: $38 million compared to the $50 million average estimate based on two analysts. The reported number represents a change of -32.1% year over year.
Net sales to external customers- Milling products: $407 million versus $437.60 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -15% change.
Net sales to external customers- Refined & Specialty Oils: $3.16 billion versus $3.13 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -12.3% change.
Adjusted Segment EBIT- Corporate and Other: -$76 million compared to the -$83.88 million average estimate based on two analysts.
Adjusted Segment EBIT- Refined & Specialty Oils: $182 million compared to the $184.86 million average estimate based on two analysts.
Adjusted Segment EBIT- Sugar & Bioenergy: $6 million compared to the $32.50 million average estimate based on two analysts.
Adjusted Segment EBIT- Agribusiness: $366 million versus $311.62 million estimated by two analysts on average.
Adjusted Segment EBIT- Milling products: $13 million versus the two-analyst average estimate of $25.24 million.
Shares of Bunge Global have returned -10.1% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Bunge Global (BG) Q3 Earnings
For the quarter ended September 2024, Bunge Global (BG - Free Report) reported revenue of $12.91 billion, down 9.3% over the same period last year. EPS came in at $2.29, compared to $2.99 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $12.68 billion, representing a surprise of +1.84%. The company delivered an EPS surprise of +5.05%, with the consensus EPS estimate being $2.18.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Bunge Global performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Volumes - Agribusiness: 19,892 Kmt versus 19,791.2 Kmt estimated by two analysts on average.
- Volumes - Milling products: 961 Kmt compared to the 956.75 Kmt average estimate based on two analysts.
- Volumes - Refined & Specialty Oils: 2,334 Kmt versus 2,312.17 Kmt estimated by two analysts on average.
- Net sales to external customers- Agribusiness: $9.29 billion compared to the $9.05 billion average estimate based on two analysts. The reported number represents a change of -7.8% year over year.
- Net sales to external customers- Sugar and Bioenergy: $38 million compared to the $50 million average estimate based on two analysts. The reported number represents a change of -32.1% year over year.
- Net sales to external customers- Milling products: $407 million versus $437.60 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -15% change.
- Net sales to external customers- Refined & Specialty Oils: $3.16 billion versus $3.13 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -12.3% change.
- Adjusted Segment EBIT- Corporate and Other: -$76 million compared to the -$83.88 million average estimate based on two analysts.
- Adjusted Segment EBIT- Refined & Specialty Oils: $182 million compared to the $184.86 million average estimate based on two analysts.
- Adjusted Segment EBIT- Sugar & Bioenergy: $6 million compared to the $32.50 million average estimate based on two analysts.
- Adjusted Segment EBIT- Agribusiness: $366 million versus $311.62 million estimated by two analysts on average.
- Adjusted Segment EBIT- Milling products: $13 million versus the two-analyst average estimate of $25.24 million.
View all Key Company Metrics for Bunge Global here>>>Shares of Bunge Global have returned -10.1% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.