Bunge BG unveils its next round of earnings this Thursday, July 28, 2011. Here's Benzinga's advanced look at Bunge's second quarter earnings report.
Earnings and Revenue:
Wall Street expects a EPS of $1.43 per share and revenues of $13.4 billion. Bunge's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a loss of -57 cents per share on revenues of $10.97 billion. Can Bunge manage the estimated 22.2% increase in revenues from the year-ago quarter as analysts are predicting? We'll have to wait until Thursday to find out.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 | Q4 | Q3 | Q2 |
EPS Estimate | $1.29 | $1.59 | $1.51 | $1.30 |
EPS Actual | $1.49 | $1.99 | $2.26 | -$0.57 |
Stock Performance:
As of July 22, 2011, Bunge's current share price was $73.08. Since January 1st, shares of Bunge have given investors a return of 12.3%. For a full 12 months, the return has risen by 21.4%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for Bunge is a Hold. Over the past three months this rating's strength has declined slightly.
Competitors:
Wondering how Bunge compares to rivals in the same sector? Here are a few of the company's peers.
- Archer Daniels Midland Company ADM: Hold with a $0.86 recent quarter EPS
- Corn Products International CPO: Moderate Buy with a $1.28 recent quarter EPS
- Darling International DAR: Moderate Buy with a $0.43 recent quarter EPS
- Mosaic Company MOS: Moderate Buy with a $1.45 recent quarter EPS
Bunge is in the agriculture/products industry, which has experienced price/earnings growth of 1.2%.
Finally, a description of the company's main areas of operation: Bunge, Ltd. is a global agribusiness and food company, operating in the farm-to-consumer food chain. It conducts its operations in three divisions: agribusiness, fertilizer and food and ingredients.
Take Action:
There is your peek into Bunge's upcoming earnings numbers, including some competitors to watch around the time of the announcement. Check back in with us after the announcement for a full recap of the announcement. In the meantime, here are some links to explore today.
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