Jefferies Raises BG 1Q EPS Estimate From $0.99 To $1.36

Ahead of Bunge Limited's BG 1Q11 earnings release, Jefferies is raising its 1Q EPS estimate to $1.36 from $0.99 (Street at $1.26). “The increase is driven by what we expect to be a significant improvement in Brazilian soybean crush margins and, to lesser extent, a continued tailwind from BG's purchasing, storage, transportation and export services,” Jefferies writes. Bunge Limited closed Monday at $74.48.
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Posted In: Analyst RatingsAgricultural Productsbunge limitedConsumer StaplesJefferies
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