Bunge Global (NYSE:BG – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 9.000-9.000 for the period, compared to the consensus EPS estimate of 9.390. The company issued revenue guidance of -. Bunge Global also updated its FY24 guidance to approx $9.00 EPS.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on BG. Citigroup boosted their price target on Bunge Global from $108.00 to $117.00 and gave the company a buy rating in a research note on Wednesday, April 3rd. BMO Capital Markets reduced their target price on Bunge Global from $130.00 to $120.00 and set an outperform rating for the company in a report on Thursday, February 8th. Barclays reduced their target price on Bunge Global from $125.00 to $115.00 and set an overweight rating for the company in a report on Tuesday, January 23rd. StockNews.com lowered Bunge Global from a buy rating to a hold rating in a report on Monday, February 26th. Finally, The Goldman Sachs Group cut their target price on Bunge Global from $141.00 to $126.00 and set a buy rating for the company in a research note on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $120.44.
Check Out Our Latest Analysis on BG
Bunge Global Trading Down 3.6 %
Bunge Global (NYSE:BG – Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.89. Bunge Global had a return on equity of 18.30% and a net margin of 3.77%. The business had revenue of $14.94 billion for the quarter, compared to analyst estimates of $14.96 billion. During the same quarter in the prior year, the firm posted $3.24 earnings per share. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. Analysts expect that Bunge Global will post 9.26 EPS for the current year.
Bunge Global Company Profile
Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.
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