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Ceres Global (TSE:CRP)
:CRP
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.17Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: -13.04%
|Next Earnings Date:Sep 25, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted several operational achievements and cost reductions, offset by significant declines in revenue, profit, and trading margins. The company demonstrated growth in certain segments but faced challenges in others, especially in income and net income metrics.Company Guidance
During the Ceres Global Ag earnings call for Q1 2025, the company reported robust operational achievements alongside a few financial challenges. Operating income reached $2.9 million, and net income was $1.8 million, reflecting a decrease from the previous year due to the impact of benign weather conditions on trading opportunities. However, volumes handled increased by 5.5%, with significant gains in the Seed Retail and Processing segment, where soybean crush volumes and margins rose by 4% and 14%, respectively. The Supply Chain Services segment reported a 15.4% increase in revenue, driven by enhanced rail logistics and the Northgate facility's performance. Despite a revenue decline to $202.1 million and a drop in gross profit to $7 million, the company successfully reduced general and administrative expenses by 21.2% and interest expenses by nearly 43%. Ceres remains focused on strategic growth, including expanding partnerships in regenerative agriculture and monitoring global market conditions to optimize asset utilization and shareholder value.Record Volumes Handled
The company set new record volumes handled with a 5.5% increase compared to last year, driven by strong trading and risk management practices.
Supply Chain Services Growth
Achieved record volumes and near-record revenues in the Supply Chain Services segment, with a 15.4% increase in revenue due to higher third-party storage and elevations.
Soybean Crush Volume and Margin Growth
The Seed Retail and Processing segment achieved record quarterly soybean crush volumes and margins, increasing by 4% and 14% respectively, over the same period last year.
Reduction in General and Administrative Expenses
General and administrative expenses decreased by 21.2% due to lower insurance expense, legal fees, and incentive accruals.
Interest Expense Reduction
Interest expense was reduced from $1.3 million last year to $737,000, attributed to lower average borrowings and proceeds from asset sales.
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TSE:CRP 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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TSE:CRP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$3.45 | C$3.45 | 0.00% |
| Sep 13, 2024 | C$2.89 | C$2.90 | +0.35% |
| May 15, 2024 | C$3.26 | C$3.26 | 0.00% |
| Feb 14, 2024 | C$2.22 | C$2.65 | +19.37% |
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 Ceres Global (TSE:CRP) report earnings?
Ceres Global (TSE:CRP) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Ceres Global (TSE:CRP) earnings time?
Ceres Global (TSE:CRP) earnings time is at Feb 18, 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 TSE:CRP EPS forecast?
Currently, no data Available
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