AGCO Corp reports results for the quarter ended in September 30 - Earnings Summary

Reuters11-06

* AGCO Corp reported quarterly adjusted earnings of 68 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $3.97. The mean expectation of fourteen analysts for the quarter was for earnings of $1.08 per share. Wall Street expected results to range from $1.05 to $1.16 per share.

* Revenue fell 24.8% to $2.60 billion from a year ago; analysts expected $2.90 billion.

* AGCO Corp's reported EPS for the quarter was 40 cents​.

* The company reported quarterly net income of $30 million.

* AGCO Corp shares had fallen by 7.8% this quarter and lost 24.0% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 7.6% in the last three months.​

* In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell."

* The average consensus recommendation for the heavy machinery & vehicles peer group is also "hold"

Wall Street's median 12-month price target for AGCO Corp is 105.00 This summary was machine generated from LSEG data November 6 at 05:04 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 1.08 0.68 Missed

Jun. 30 2024 2.90 2.53 Missed

Mar. 31 2024 2.25 2.32 Beat

Dec. 31 2023 4.02 3.78 Missed

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