Recap: Bunge Q3 Earnings

Shares of Bunge BG were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 75.18% over the past year to $2.47, which may not compare to the estimate of $0.19.

Revenue of $10,159,000,000 declined by 1.59% from the same period last year, which beat the estimate of $9,920,000,000.

Guidance

Bunge said it sees full-year adjusted EPS of $6.25-$6.75.

Conference Call Details

Date: Oct 28, 2020

Time: 08:00 AM

ET Webcast URL: https://services.choruscall.com/links/bg201028euMSmXhB.html

Technicals

Company's 52-week high was at $58.19

52-week low: $29.00

Price action over last quarter: Up 23.73%

Company Overview

Founded in 1818, Bunge is a global agribusiness and food company with operations along the farm-to-consumer food chain. The agribusiness segment generates roughly two thirds of profits and includes the largest oilseed processing capacity globally. The company is a leading oilseed processor and seller of packaged vegetable oils and other food and ingredients products.