Adecoagro SA AGRO.N reported a quarterly adjusted loss of 14 cents per share for the quarter ended June 30. The lone analyst forecast for the quarter was for earnings of 26 cents per share.
Revenue fell 7.1% to $382.08 million from a year ago; analysts expected $412.75 million.
Adecoagro SA's reported EPS for the quarter was a loss of 18 cents.
The company reported a quarterly loss of $17.56 million.
Adecoagro SA shares had fallen by 0.3% this quarter and lost 3.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts was unchanged in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the food processing peer group is "buy."
Wall Street's median 12-month price target for Adecoagro SA is $9.90, about 7.1% above its last closing price of $9.20
This summary was machine generated from LSEG data August 18 at 09:00 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)