U.S. Markets open in 1 hr 43 mins
  • S&P Futures

    3,444.75
    +22.00 (+0.64%)
     
  • Dow Futures

    28,272.00
    +172.00 (+0.61%)
     
  • Nasdaq Futures

    11,723.50
    +73.25 (+0.63%)
     
  • Russell 2000 Futures

    1,626.50
    +15.20 (+0.94%)
     
  • Crude Oil

    40.81
    -0.02 (-0.05%)
     
  • Gold

    1,907.20
    -4.50 (-0.24%)
     
  • Silver

    24.66
    -0.04 (-0.15%)
     
  • EUR/USD

    1.1805
    +0.0032 (+0.2715%)
     
  • 10-Yr Bond

    0.7610
    0.0000 (0.00%)
     
  • Vix

    28.39
    +0.98 (+3.58%)
     
  • GBP/USD

    1.2936
    -0.0004 (-0.0323%)
     
  • USD/JPY

    105.6660
    +0.2360 (+0.2238%)
     
  • BTC-USD

    11,793.83
    +736.82 (+6.66%)
     
  • CMC Crypto 200

    238.01
    +4.34 (+1.86%)
     
  • FTSE 100

    5,897.44
    +12.79 (+0.22%)
     
  • Nikkei 225

    23,567.04
    -104.09 (-0.44%)
     

Why Earnings Season Could Be Great for Bunge Limited (BG)

Zacks Equity Research
·2 mins read

Investors are always looking for stocks that are poised to beat at earnings season and Bunge Limited BG may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.

That is because Bunge Limitedis seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for BG in this report.

In fact, the Most Accurate Estimate for the current quarter is currently at 26 cents per share for BG, compared to a broader Zacks Consensus Estimate of 22 cents per share. This suggests that analysts have very recently bumped up their estimates for BG, giving the stock a Zacks Earnings ESP of +18.18% heading into earnings season.

Bunge Limited Price and EPS Surprise

Bunge Limited Price and EPS Surprise
Bunge Limited Price and EPS Surprise

Bunge Limited price-eps-surprise | Bunge Limited Quote

Why is this Important?

A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).

Given that BG has a Zacks Rank #1 (Strong Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank stocks here.

Clearly, recent earnings estimate revisions suggest that good things are ahead for Bunge Limited, and that a beat might be in the cards for the upcoming report.

Zacks Top 10 Stocks for 2020

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?

Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.

Access Zacks Top 10 Stocks for 2020 today >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Bunge Limited (BG) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research