Adecoagro SA reports results for the quarter ended September 30 - Earnings Summary

Adecoagro

14/11/2024 03:57

* Adecoagro SA  AGRO.N  reported quarterly adjusted earnings
of 28
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 83
cents.  The lone analyst forecast for the quarter was
for earnings of 69 cents per share. 
    * Revenue rose 22.2% to $471.50 million from a year ago;
analysts
expected $464.66 million. 
    * Adecoagro SA's reported EPS for the quarter was 19 cents​.
    * The company reported quarterly net income of $19.06
million.
    * Adecoagro SA shares had risen by 2.3% this quarter and
gained 2.0% so far this year.

FORECAST CHANGES
    * 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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is  "hold."

Wall Street's median 12-month price target for Adecoagro SA is
13.00 
This summary was machine generated from LSEG data November 14 at
03:57 a.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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.69           0.28           Missed