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Adecoagro SA (AGRO)
NYSE:AGRO
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.41Last Year’s EPS
-$0.15Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -14.41%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Neutral
Adecoagro demonstrated resilience by maintaining strong demand in its ethanol segment and expanding its rice business despite challenges in sugar production due to weather conditions. The company's strategic shareholder distribution and growth in biomethane production are positive indicators, although a decline in adjusted EBITDA and pressures from lower commodity prices present challenges.Company Guidance
During the Adecoagro Q3 2024 earnings call, the company provided guidance highlighting several key metrics. The management team, led by CEO Mariano Bosch, emphasized their commitment to shareholder distribution, having allocated $96 million, including $35 million in cash dividends and $61 million in share repurchases. Consolidated adjusted EBITDA for the quarter reached $111 million, while the year-to-date figure stood at $341 million. In terms of business segments, the Sugar, Ethanol & Energy division reported a 55% sugar mix and projected a slight year-over-year increase in crushing volume, despite challenging weather conditions. The Rice operations achieved record results, and the Dairy segment's focus on efficiency and higher value-added products drove growth. The company also outlined capital expenditures of $72 million year-to-date, with significant investments in expanding sugarcane plantations and biomethane production, reflecting IRRs between 18% to 25%. Additionally, Adecoagro maintained a net debt of $646 million, a 9% decrease from the previous year, and a liquidity ratio of 2.6x, underscoring its robust financial position.Shareholder Distribution Commitment
Adecoagro committed $96 million to shareholder distribution, including $35 million in cash dividends and $61 million in share repurchases.
Sugar, Ethanol & Energy Business Performance
Despite challenging weather, the sugar mix reached 55% during the quarter, and a slight year-over-year increase in crushing is expected, signaling a new record in sugar production.
ESG and Biomethane Production
Secured financing from FINEP to construct 2 biodigesters to increase biomethane production 5x by 2027, reducing carbon emissions and costs.
Rice Segment Growth
Adjusted EBITDA for the Rice segment reached a record of $51 million due to year-over-year gains in biological assets and increased planting areas.
Strong Demand for Ethanol
Ethanol demand remains high with parity at the pump around 65%, favoring ethanol consumption over gasoline.
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AGRO 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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AGRO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $11.24 | $10.75 | -4.36% |
| Aug 12, 2024 | $10.39 | $11.39 | +9.62% |
| May 16, 2024 | $10.71 | $10.16 | -5.14% |
| Mar 14, 2024 | $10.01 | $9.73 | -2.80% |
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 Adecoagro SA (AGRO) report earnings?
Adecoagro SA (AGRO) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Adecoagro SA (AGRO) earnings time?
Adecoagro SA (AGRO) earnings time is at Mar 13, 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 AGRO EPS forecast?
AGRO EPS forecast for the fiscal quarter 2024 (Q4) is $0.41.
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