AGCO (NYSE:AGCO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.60b (down 25% from 3Q 2023).

• Net income: US$30.0m (down 89% from 3Q 2023).

• Profit margin: 1.2% (down from 8.1% in 3Q 2023).

• EPS: US$0.40 (down from US$3.75 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AGCO Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 58%.

Looking ahead, revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Machinery industry in the US are expected to grow by 3.0%.

Performance of the American Machinery industry.

The company's shares are down 10.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for AGCO (1 is concerning!) that you need to take into consideration.

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