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Bunge (BG) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Bunge (BG - Free Report) closed at $89.45, marking a -1.92% move from the previous day. This change lagged the S&P 500's 0.72% loss on the day. Elsewhere, the Dow lost 0.45%, while the tech-heavy Nasdaq lost 0.27%.
Heading into today, shares of the agribusiness and food company had lost 9.43% over the past month, lagging the Basic Materials sector's loss of 6.49% and the S&P 500's loss of 9.06% in that time.
Bunge will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.59, down 30.38% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.1 billion, up 14.08% from the year-ago period.
BG's full-year Zacks Consensus Estimates are calling for earnings of $12.65 per share and revenue of $67.87 billion. These results would represent year-over-year changes of -2.17% and +14.74%, respectively.
Investors should also note any recent changes to analyst estimates for Bunge. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Bunge is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Bunge is holding a Forward P/E ratio of 7.21. This valuation marks a discount compared to its industry's average Forward P/E of 8.12.
Investors should also note that BG has a PEG ratio of 1.08 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BG's industry had an average PEG ratio of 1.08 as of yesterday's close.
The Agriculture - Products industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Bunge (BG) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Bunge (BG - Free Report) closed at $89.45, marking a -1.92% move from the previous day. This change lagged the S&P 500's 0.72% loss on the day. Elsewhere, the Dow lost 0.45%, while the tech-heavy Nasdaq lost 0.27%.
Heading into today, shares of the agribusiness and food company had lost 9.43% over the past month, lagging the Basic Materials sector's loss of 6.49% and the S&P 500's loss of 9.06% in that time.
Bunge will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.59, down 30.38% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.1 billion, up 14.08% from the year-ago period.
BG's full-year Zacks Consensus Estimates are calling for earnings of $12.65 per share and revenue of $67.87 billion. These results would represent year-over-year changes of -2.17% and +14.74%, respectively.
Investors should also note any recent changes to analyst estimates for Bunge. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Bunge is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Bunge is holding a Forward P/E ratio of 7.21. This valuation marks a discount compared to its industry's average Forward P/E of 8.12.
Investors should also note that BG has a PEG ratio of 1.08 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BG's industry had an average PEG ratio of 1.08 as of yesterday's close.
The Agriculture - Products industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.