Bunge Full Year 2022 Earnings: Misses Expectations
Bunge (NYSE:BG) Full Year 2022 Results
Key Financial Results
Revenue: US$67.2b (up 14% from FY 2021).
Net income: US$1.61b (down 21% from FY 2021).
Profit margin: 2.4% (down from 3.5% in FY 2021). The decrease in margin was driven by higher expenses.
EPS: US$10.52 (down from US$14.50 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bunge Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 9.8%.
Looking ahead, revenue is expected to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Food industry in the US are expected to grow by 2.7%.
Performance of the American Food industry.
The company's shares are down 2.0% from a week ago.
Risk Analysis
Be aware that Bunge is showing 4 warning signs in our investment analysis and 1 of those is a bit unpleasant...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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