Bunge Global is set to announce its second-quarter earnings this Wednesday before market hours. Analysts expect revenue to grow 72.2% year on year, a sharp reversal from the 3.6% decline in the same quarter last year. The company missed revenue estimates last quarter despite reporting $21.86 billion, an 87.8% increase from the prior year, while beating earnings per share forecasts and raising full-year guidance. Bunge Global shares have risen 6.7% over the past month, outperforming the 2.7% average gain in the consumer staples segment, and the average analyst price target stands at $141.44 compared to the current share price of $116.36.
Bunge Global SAAnalysts expect strong revenue growth and the company beat EPS estimates and raised guidance last quarter, with shares outperforming and a price target above current price.