Bunge Earnings: Here’s Why Shares are Up Now

Bunge Ltd. (NYSE:BG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.43%.

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Bunge Ltd. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 66.67% to $1.15 in the quarter versus EPS of $0.69 in the year-earlier quarter.

Revenue: Rose 9.96% to $14.79 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Bunge Ltd. reported adjusted EPS income of $1.15 per share. By that measure, the company beat the mean analyst estimate of $0.95. It beat the average revenue estimate of $13.99 billion.

Quoting Management: Alberto Weisser, Bunge’s Chairman and Chief Executive Officer stated, “We had a solid first quarter. Our agribusiness team performed well, managing risk in a volatile market environment characterized by tight global supplies and challenging Brazilian logistics. We are pleased to see sugar & bioenergy get off to a good start to the year, and that food & ingredients continued its strong performance from the second half of last year.”

Key Stats (on next page)…

Revenue decreased 2.49% from $15.16 billion in the previous quarter. EPS increased 101.75% from $0.57 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.87 to a profit $1.82. For the current year, the average estimate has moved down from a profit of $7.61 to a profit of $7.32 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)