Chesterfield, Missouri-based Bunge Global SA (BG) is an integrated global agribusiness and food company. With a market cap of $9.3 billion, Bunge operates through Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy segments. The agribusiness major is expected to release its first-quarter earnings before the market opens on Wednesday, Apr. 23.
Ahead of the event, analysts expect Bunge to report a non-GAAP profit of $1.27 per share, down a massive 58.2% from $3.04 per share reported in the year-ago quarter. While the company has surpassed Wall Street’s bottom-line estimates twice over the past four quarters, it missed the projections on two other occasions.
For the full fiscal 2025, Bunge is expected to deliver a non-GAAP EPS of $7.89, down 14.2% from $9.19 in fiscal 2024. While in fiscal 2026, its earnings are expected to rebound 12.2% year-over-year to $8.85 per share.
Bunge’s stock prices have tanked 30.6% over the past 52-week period, significantly underperforming the Consumer Staples Select Sector SPDR Fund’s (XLP) 6.3% gains and the S&P 500 Index’s ($SPX) 4.7% returns during the same time frame.
Bunge Global’s stock prices plunged 6.9% after the release of its disappointing Q4 results on Feb. 5. Due to a drop in volumes, the company’s net sales dropped 9.3% year-over-year to $13.5 billion. Meanwhile, the company’s adjusted net income plummeted 45.9% year-over-year to $295 million and its adjusted EPS of $2.13 missed the Street expectations by 7.4%. Moreover, the company’s cash flows also took a severe hit. In fiscal 2024, operating cash flows decreased 42.6% compared to the year-ago quarter, totaling $1.9 billion.
Despite its lackluster financial performance, analysts remain optimistic about the stock’s long-term prospects. The consensus view on BG stock is moderately bullish, with an overall “Moderate Buy” rating. Out of the seven analysts covering the stock, four advocate “Strong Buy” while three suggest a “Hold” rating. Its mean price target of $86.50 represents a 16.4% upside potential from current price levels.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
