AGCO: It's (Past) Time To Move On
After a bull run from mid-2020 to mid-2023, AGCO has performed poorly relative to the Agricultural and Farm Machinery industry and broader market. AGCO's share price has fallen 35% in the past year, with disappointing earnings reports and lowered EPS guidance contributing to a negative outlook. Despite strengths in innovation and sustainability, AGCO's current challenges may indicate deeper issues, leading to a Sell rating and a recommendation to consider other more promising options.
New Strong Sell Stocks for August 2nd
AGCO, CRSR and DASH have been added to the Zacks Rank #5 (Strong Sell) List on August 2, 2024.
AGCO Corp (AGCO) Misses Q2 Earnings Estimates, Lowers '24 View
AGCO Corp (AGCO) expects an adjusted EPS of $8.00 for 2024, down from the previously stated $12.00.
AGCO Corporation (AGCO) Q2 2024 Earnings Call Transcript
AGCO Corporation (NYSE:AGCO ) Q2 2024 Results Conference Call July 30, 2024 10:00 AM ET Company Participants Greg Peterson - Head of Investor Relations Eric Hansotia - Chairman, President and CEO Damon Audia - SVP, CFO Conference Call Participants Jerry Revich - Goldman Sachs Tami Zakaria - JPMorgan Steven Fisher - UBS Mig Dobre - RW Baird Kyle Menges - Citigroup Kristen Owen - Oppenheimer Stephen Volkmann - Jefferies Chad Dillard - Bernstein Operator Good day. And welcome to the AGCO Second Quarter 2024 Earnings Call.
Compared to Estimates, Agco (AGCO) Q2 Earnings: A Look at Key Metrics
The headline numbers for Agco (AGCO) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Agco (AGCO) Misses Q2 Earnings and Revenue Estimates
Agco (AGCO) came out with quarterly earnings of $2.53 per share, missing the Zacks Consensus Estimate of $2.88 per share. This compares to earnings of $4.29 per share a year ago.
AGCO Earnings Miss Is Weighing on Deere Shares, Too
The farm-equipment maker missed on the top and bottom lines, and peers Deere and CNH are feeling the heat.
Earnings Preview: Agco (AGCO) Q2 Earnings Expected to Decline
Agco (AGCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
4 Farm Equipment Stocks to Watch Amid Industry Challenges
The Manufacturing - Farm Equipment industry is likely to bear the impact of low farm income in the near term. However, demand will eventually pick up, aided by growing demand for food.
AGCO Corp (AGCO) Restructures Dealership Network in Ohio
AGCO Corp (AGCO) transforms its dealership network in Ohio to broaden its scope and product offerings.
AGCO Corp (AGCO) Declines 19% in a Year: What's Ailing the Stock?
AGCO Corp (AGCO) bears the brunt of lower sales and reduced commodity prices.
Harvesting Gains: 3 Agriculture Stocks to Buy Before They Sprout
Certain agriculture stocks may experience growth this summer as the sector stabilizes following years of disruptions and benefits from emerging factors. Agriculture will also likely be at the forefront of addressing climate change challenges, creating investment opportunities in supply sectors as investors will consider which agriculture stocks to buy.
