Bunge Limited (NYSE:BG) is reporting third quarter earnings results on Wednesday 28th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.19 per share.
For the full year, analysts predict revenues of $ 39080.70 million, while looking forward to income of $ 3.51 per share.
Previous Quarter Performance
Bunge Limited recorded income for the second quarter of $ 3.88 per share, from the revenue of $ 9,462.00 million. The quarterly earnings up 155.26 percent while revenues fell 6.28 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.32 per share from $ 9701.30 million in revenue. The bottom line results beat street analysts by $ 2.56 or 193.94 percent, at the same time, top line results fell short of analysts by $ 239.3 million or 2.47 percent.
Stock Performance
Shares of Bunge Limited traded low $ 0.00 or 0.00 percent on Tuesday, reaching $ 55.69 with volume of 1.51 million shares. Bunge Limited has traded high as $ 56.12 and has cracked $ 54.68 on the downward trend
According to the previous trading day, closing price of $ 55.69, representing a 92.03 % increase from the 52 week low of $ 29.00 and a 4.3 % decrease over the 52 week high of $ 58.19.
The company has a market capital of $ 7.78 billion and is part of the Consumer Defensive sector and Farm Products industry.
Recent Stock Dividend Announcement
On August 6, 2020, the board of directors authorized quarterly dividend of $ 0.50 per share to holders of record as of the close of business on November 18, 2020, with payment date of December 2, 2020 and ex-dividend date on November 17, 2020.
Conference Call
Bunge Limited will be hosting a conference call at 8:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bunge.com
Bunge Limited operates as an agribusiness and food company worldwide. It operates in five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains primarily wheat and corn; and vegetable oils and protein meals.
