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Bunge Global (BG) To Report Earnings Tomorrow: Here Is What To Expect

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Global agribusiness company Bunge Global (NYSE: BG) will be reporting earnings this Wednesday morning. Here’s what to expect.

Bunge Global missed analysts’ revenue expectations by 13.3% last quarter, reporting revenues of $22.16 billion, up 71.6% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a significant miss of analysts’ revenue estimates.

Is Bunge Global a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Bunge Global’s revenue to grow 65.3% year on year to $22.39 billion, a reversal from the 9.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.82 per share.

Bunge Global Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Bunge Global has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Bunge Global’s peers in the consumer staples segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Tyson Foods delivered year-on-year revenue growth of 5.1%, beating analysts’ expectations by 2.7%, and Constellation Brands reported a revenue decline of 9.8%, topping estimates by 2.9%. Constellation Brands traded up 5.3% following the results.

Read our full analysis of Tyson Foods’s results here and Constellation Brands’s results here.

There has been positive sentiment among investors in the consumer staples segment, with share prices up 9.3% on average over the last month. Bunge Global is up 22% during the same time and is heading into earnings with an average analyst price target of $110.90 (compared to the current share price of $114.13).

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