Agco Earnings Preview: Get Ahead of the Analysts

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Agco (NYSE:AGCO) will report earnings before markets open on Tuesday, April 30th. AGCO Corporation manufactures and distributes agricultural equipment throughout the world. The Company sells a range of agricultural equipment and related replacement parts, including tractors, combines, hay tools, sprayers, and forage equipment. AGCO markets its products under a variety of brand names, including Massey Ferguson, AGCO, Tye, GLEANER, and Hesston.

Here is your Cheat Sheet to Agco Earnings:

Earnings Expectations: Analysts expect earnings of $0.88 per share on revenues of $2.24 billion. Currently, the company’s P/E ratio stands at 9.48.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.78 to a profit $1.69. For the current year, the average estimate is a profit of $5.34, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Agco has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 8,425 6,516 6,897 8,773 9,962
Diluted EPS ($) 3.95 1.44 2.29 5.95 5.30

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 2,518 2,274 2,690 2,295 2,703
Diluted EPS ($) 2.890 1.21 2.08 0.96 1.040

Past Performance:
Agco has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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