AGCO (NYSE: AGCO) is expected to report Q3 earnings on Oct. 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict AGCO's revenues will grow 13.3% and EPS will grow 16.1%.
The average estimate for revenue is $2.38 billion. On the bottom line, the average EPS estimate is $1.01.
Revenue details
Last quarter, AGCO chalked up revenue of $2.69 billion. GAAP reported sales were 14% higher than the prior-year quarter's $2.36 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $2.08. GAAP EPS of $2.08 for Q2 were 53% higher than the prior-year quarter's $1.36 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 22.7%, 200 basis points better than the prior-year quarter. Operating margin was 9.8%, 130 basis points better than the prior-year quarter. Net margin was 7.6%, 190 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $10.07 billion. The average EPS estimate is $5.70.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 292 members out of 317 rating the stock outperform, and 25 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give AGCO a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AGCO is outperform, with an average price target of $57.13.
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