Stocks To Watch Ahead Of Earnings: Bunge

By INVESTOR'S BUSINESS DAILY

Bunge is forming a base showing a 92.48 buy point with its next quarterly report expected on Oct. 27. The entry is based on a first-stage cup without handle.

Buying a stock just ahead of earnings involves risk since you typically don't have enough time to establish a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure.

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Earnings growth slowed in the most recent report from 244% to 39%. But sales moved higher, from 41% to 63%.

Analysts expect earnings-per-share growth of -42% for the quarter, and an -13% gain for the full year.

Bunge has a 91 Composite Rating and holds the No. 2 rank among its peers in the Agricultural Operations industry group. Darling Ingredients is the No. 1-ranked stock within the group.

Note: Dates for earnings reports are subject to change. Check the company's website for any updates.


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