Recap: AGCO Q4 Earnings

 

AGCO AGCO reported its Q4 earnings results on Tuesday, February 8, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

Also check out this: Executives Buy Over $6M Of 5 Penny Stocks

Earnings

AGCO beat estimated earnings by 74.01%, reporting an EPS of $3.08 versus an estimate of $1.77.

Revenue was up $482.90 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.57, which was followed by a 1.59% drop in the share price the next day.

Here's a look at AGCO's past performance:

 

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020
EPS Estimate 1.84 2.22 1.13 1.11
EPS Actual 2.41 2.88 2 1.54
Revenue Estimate 2.86B 2.74B 2.22B 2.52B
Revenue Actual 2.73B 2.88B 2.38B 2.72B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

AGCO management provided guidance for their next quarter, expecting earnings between $11.5 and $11.5 per share for the next quarter.

This represents a 273.38% in quarter-over-quarter growth for AGCO, a bullish signal to many investors.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...