AGCO Corp reports results for the quarter ended March 31 - Earnings Summary

• AGCO Corp AGCO.N reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.32. The mean expectation of fifteen analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from zero cents to 44 cents per share.

• Revenue fell 30% to $2.05 billion from a year ago; analysts expected $2.05 billion.

• AGCO Corp's reported EPS for the quarter was 14 cents​.

• The company reported quarterly net income of $10.5 million.

• AGCO Corp shares had fallen by 8.4% this quarter and lost 9.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 87% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 9 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the heavy machinery & vehicles peer group is also "hold"

• Wall Street's median 12-month price target for AGCO Corp is $91.00

This summary was machine generated from LSEG data May 1 at 01:31 p.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)