Bunge Limited Third Quarter Earnings Sneak Peek

Bunge Limited (NYSE:BG) will unveil its latest earnings on Thursday, October 27, 2011. Bunge 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.

Bunge Limited Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.69 per share, a decline of 25.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.71. Between one and three months ago, the average estimate moved down. It has risen from $1.65 during the last month. Analysts are projecting profit to rise by 65.1% versus last year to $6.82.

Past Earnings Performance: Last quarter, the company beat estimates by 31 cents, coming in at net income of $1.78 a share versus the estimate of profit of $1.47 a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 22.8% in revenue from the year-earlier quarter to $14.32 billion.

Analyst Ratings: Analysts are bullish on this stock with five analysts rating it as a buy, none rating it as a sell and three rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the second quarter, profit fell 82.2% to $316 million ($2.02 a share) from $1.78 billion ($11.15 a share) the year earlier, but exceeded analyst expectations. Revenue rose 32% to $14.49 billion from $10.97 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 17.9% in the first quarter from the year earlier, climbed 21.9% in the fourth quarter of the last fiscal year from the year-ago quarter and 3.2% in the third quarter of the last fiscal year.

The decrease in profit in the second quarter broke a streak of two consecutive quarters of year-over-year profit increases. Net income rose more than threefold in the first quarter and 2636.4% in the fourth quarter of the last fiscal year.

Competitors to Watch: Archer Daniels Midland Co. (NYSE:ADM), Corn Products Intl., Inc. (NYSE:CPO), MGP Ingredients, Inc. (NASDAQ:MGPI), CHS Inc. (NASDAQ:CHSCP), Westway Group, Inc. (NASDAQ:WWAY), SunOpta, Inc. (NASDAQ:STKL), Darling International Inc. (NYSE:DAR), AgFeed Industries, Inc. (NASDAQ:FEED), and The Mosaic Company (NYSE:MOS).

Stock Price Performance: During July 28, 2011 to October 21, 2011, the stock price had fallen $11.37 (-16.4%) from $69.16 to $57.79. The stock price saw one of its best stretches over the last year between December 20, 2010 and December 31, 2010 when shares rose for nine-straight days, rising 5.6% (+$3.46) over that span. It saw one of its worst periods between July 22, 2011 and July 29, 2011 when shares fell for six-straight days, falling 5.8% (-$4.25) over that span. Shares are down $7.05 (-10.9%) year to date.

(Source: Xignite Financials)

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