Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Bunge Global (BG)
NYSE:BG
Holding BG?
Track your performance easily
Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.27Last Year’s EPS
$3.7Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -9.27%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mix of strong operational performance and strategic progress, offset by some challenges in certain segments and external uncertainties. While there are notable achievements, such as the progress on the Viterra transaction and strong liquidity, the decline in EPS and challenges in agribusiness processing present concerns.Company Guidance
In the Bunge Global S.A. third quarter 2024 earnings call, the company provided updated guidance and several key metrics. Bunge expects its full-year adjusted EPS to be at least $9.25, supported by strong adjusted EBIT of $561 million in the third quarter. The company has also seen favorable market dynamics, particularly in its Agribusiness and Refined and Specialty Oils segments, although challenges remain in specific regions such as North America and Asia. Additionally, Bunge's capital allocation strategy included $1.3 billion generated in adjusted funds from operations, with $600 million directed towards share repurchases. The company's adjusted leverage ratio stood at 0.5x with $2.8 billion in cash on hand. Looking forward, capital expenditures are expected to be on the higher end of the $1.2 billion to $1.4 billion range, with a focus on strategic growth projects. Bunge is also making progress with the Viterra transaction, anticipating completion by early 2025, while refining its operational and integration plans.Solid Third Quarter Performance
Delivered strong third-quarter results with solid adjusted EBIT due to great execution in core segments. Full-year adjusted EPS now expected to be at least $9.25.
Progress on Viterra Transaction
Made great progress on integration planning for the combination with Viterra. Received conditional clearance from the European Commission and expect to close the transaction by early 2025.
Successful Share Repurchase
Repurchased $200 million of Bunge shares, making progress against the repurchase plan outlined after the Viterra transaction announcement.
Strong Liquidity and Capital Management
At quarter end, had committed credit facilities of approximately $8.7 billion, all unused, with a cash balance of $2.8 billion.
Record Soy Crush Performance
U.S. plants achieved best soy crush performance for a crop year ever, with high utilization rates and record volumes in global seed crushing and refining.
---
BG 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
---
BG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $87.18 | $85.22 | -2.25% |
| Jul 31, 2024 | $112.90 | $103.70 | -8.15% |
| Apr 24, 2024 | $107.32 | $103.58 | -3.48% |
| Feb 07, 2024 | $87.49 | $85.47 | -2.31% |
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.
---
FAQ
When does Bunge Global (BG) report earnings?
Bunge Global (BG) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Bunge Global (BG) earnings time?
Bunge Global (BG) earnings time is at Feb 05, 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 BG EPS forecast?
BG EPS forecast for the fiscal quarter 2024 (Q4) is $2.27.
---