Bunge beats Q1 adj. EPS estimates, lifts full-year outlook

Bunge Global SA

29/04/2026 11:11

Overview

Agribusiness and food ingredients firm's Q1 revenue missed analyst expectations, adjusted EPS beat consensus

Company raised full-year adjusted EPS outlook, citing improved processing and refining performance

Higher results driven by strong execution and improved market conditions, especially in South America and North America

Outlook

Bunge raises full-year 2026 adjusted EPS outlook to $9.00-$9.50 from $7.50-$8.00

Company expects higher 2026 results in Soybean and Softseed Processing, lower in Tropical Oils and Grain

Bunge sees 2026 adjusted annual tax rate at 22%-26% and net interest expense at $620-$660 mln

Result Drivers

SOYBEAN & SOFTSEED PROCESSING - Higher results driven by expanded production capacity and increased origination in South America and North America, per company

SOFTSEED VOLUMES & FOOTPRINT - Increased softseed processed and merchandised volumes due to expanded origination footprint and large crops in Canada and Australia, per company

OILS MERCHANDISING EXECUTION - Results from global oils merchandising activities increased, reflecting strong execution, per company

Company press release: ID:nBw3CjVcKa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$21.86 bln
$23.11 bln (5 Analysts)
Q1 Adjusted EPS
Beat
$1.83
$0.87 (7 Analysts)
Q1 EPS
$0.35
Q1 Net Income
$68 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 1 "hold" and no "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 Bunge Global SA is $130.55, about 3.3% above its April 28 closing price of $126.36

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)