Bunge Global Updates Earnings Forecast for FY 2026

Bunge Global (NYSE:BG) has revised its earnings guidance for the fiscal year 2026, projecting earnings per share (EPS) between $7.500 and $8.000. This new forecast is notably lower than the consensus estimate of $8.940, reflecting a cautious outlook amid current market conditions.

In conjunction with its earnings guidance, Bunge Global has not disclosed specific revenue projections. The company, a major player in the agribusiness sector, is closely watched by analysts and investors alike, particularly following its recent performance.

Analyst Ratings and Market Reactions

Several financial analysts have recently updated their ratings and price targets for Bunge Global. On December 2, 2023, Citigroup reaffirmed a “buy” rating, emphasizing the company’s potential for growth. Following suit, JPMorgan Chase & Co. raised its target price from $109.00 to $117.00 and maintained an “overweight” rating on December 24, 2023.

Analysts from BMO Capital Markets also restated an “outperform” rating, setting a price target of $130.00. Additionally, Morgan Stanley increased its price objective from $120.00 to $130.00, reflecting confidence in the company’s future performance. Currently, Bunge Global enjoys a “Moderate Buy” average rating from a group of analysts, with an average target price of $121.44 according to MarketBeat.

Recent Earnings Performance

Bunge Global’s most recent earnings report, released on February 4, 2024, indicated a strong financial performance. The company reported earnings of $1.99 per share, surpassing analysts’ expectations of $1.82 by $0.17. For the quarter, Bunge achieved a net revenue of $23.76 billion, exceeding the consensus estimate of $23 billion. This represents a remarkable 75.5% increase in revenue compared to the same quarter the previous year.

The company’s net margin stood at 2.20%, while it reported a return on equity of 9.06%. In the same quarter last year, Bunge Global had an EPS of $2.13. The significant growth in revenue underscores the company’s robust operational performance.

Insider Activity and Institutional Investments

In addition to earnings updates, insider transactions have attracted attention. On November 21, 2023, Vice President Christos Dimopoulos sold 25,300 shares at an average price of $94.37, amounting to a total of $2,387,561.00. Following this transaction, Dimopoulos retained 104,537 shares valued at approximately $9,865,156.69, indicating a 19.49% decrease in his holdings.

Institutional interest in Bunge Global remains strong, with 86.23% of the stock owned by institutional investors. Notable transactions include Nomura Holdings Inc. acquiring a new position valued at $275,000 and Zacks Investment Management purchasing shares worth about $263,000. These investments reflect ongoing confidence in Bunge’s strategic direction.

Bunge Global continues to establish itself as a leader in the agribusiness sector, providing a range of services from processing oilseeds and grains to supplying fertilizers. The company’s integrated value chain allows it to serve a diverse clientele, including food processors and retail customers worldwide.

As Bunge Global navigates fiscal challenges and opportunities, its updated earnings guidance and market performance will be closely monitored by investors and industry analysts alike.