Yahoo Finance Bunge (BG) Dips More Than Broader Markets: What You Should Know
Bunge (BG) closed the most recent trading day at $96.11, moving -0.94% from the previous trading session. This change lagged the S&P 500's 0.14% loss on the day. Elsewhere, the Dow lost 0.45%, while the tech-heavy Nasdaq lost 0.02%.
Coming into today, shares of the agribusiness and food company had gained 11.63% in the past month. In that same time, the Basic Materials sector gained 3.29%, while the S&P 500 lost 0.13%.
Wall Street will be looking for positivity from Bunge as it approaches its next earnings report date. The company is expected to report EPS of $2.85, down 6.56% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $14.55 billion, up 15.4% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Bunge. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.91% higher. Bunge currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note Bunge's current valuation metrics, including its Forward P/E ratio of 10.26. This valuation marks a discount compared to its industry's average Forward P/E of 19.57.
Also, we should mention that BG has a PEG ratio of 1.53. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. BG's industry had an average PEG ratio of 1.53 as of yesterday's close.
The Agriculture - Products industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 74, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BG in the coming trading sessions, be sure to utilize Zacks.com.
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