Bunge Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

Bunge (NYSE:BG) Third Quarter 2022 Results

Key Financial Results

• Revenue: US$16.8b (up 19% from 3Q 2021).
• Net income: US$380.0m (down 41% from 3Q 2021).
• Profit margin: 2.3% (down from 4.6% in 3Q 2021).
  • The decrease in margin was driven by higher expenses.
• EPS: US$2.50 (down from US$4.56 in 3Q 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bunge Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) missed analyst estimates by 5.0%.

Looking ahead, revenue is expected to decline by 3.2% p.a. on average during the next 3 years, while revenues in the Food industry in the US are expected to grow by 2.4%.

Performance of the American Food industry.

The company's shares are up 8.6% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 5 warning signs for Bunge (2 shouldn't be ignored!) that you need to be mindful of.

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