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Agco (AGCO)
NYSE:AGCO
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.95Last Year’s EPS
$3.78Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -4.16%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging quarter with significant sales declines and inventory challenges. Despite these issues, AGCO is making strategic investments in technology and cost savings to position itself for future growth.Company Guidance
During AGCO's Q3 2024 earnings call, the company provided detailed guidance on various financial metrics. The executive team highlighted a significant 25% decline in sales and an adjusted operating margin of 5.5% for the quarter, driven by production cuts and a challenging pricing environment. AGCO is targeting $100 million to $125 million in cost savings by mid-2025 through restructuring efforts. The company also discussed regional sales performance, noting a 21% sales decline in the Europe/Middle East region and a 44% decrease in South America, excluding currency impacts. Despite these challenges, AGCO aims to achieve a 9% adjusted operating margin for the full year, with a focus on reducing dealer inventories and managing production levels. The full-year net sales outlook is revised to $12 billion, with adjusted earnings per share forecast at $7.50, down from $8. AGCO also anticipates a CapEx spending reduction to approximately $450 million and expects free cash flow conversion to be at the upper end of the 75% to 100% range of adjusted net income.Expansion of Fendt Distribution
AGCO improved Fendt market coverage to over 80% in North America with expansions in Ohio, Missouri, Wisconsin, Louisiana, and Georgia.
Innovation in Precision Agriculture
Launch of the OutRun retrofit autonomy kit for grain carts and introduction of new products like the Massey Ferguson 9S Tractor and Fendt 600.
Cost Savings Initiatives
AGCO's restructuring efforts are projected to deliver $100 million to $125 million in savings by mid-2025.
Increased Market Share for Fendt
Fendt's improved distribution and technology-rich products contributed to increased market share, especially in Europe.
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AGCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AGCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $97.56 | $89.95 | -7.80% |
| Jul 30, 2024 | $101.38 | $95.60 | -5.70% |
| May 02, 2024 | $108.65 | $107.19 | -1.34% |
| Feb 06, 2024 | $116.86 | $118.08 | +1.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Agco (AGCO) report earnings?
Agco (AGCO) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Agco (AGCO) earnings time?
Agco (AGCO) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AGCO EPS forecast?
AGCO EPS forecast for the fiscal quarter 2024 (Q4) is $1.95.
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