The agricultural sector is in a severe down-cycle right now, and agricultural equipment companies are sold off this year. Yet given the increasing population, it is a secular growth industry with strong tailwinds behind it. InAfter graduated from MIT with a PhD degree in 2017, with a dissertation that focuses on leveraging data analytics to understand and dissect the commodities structural market, I started managing third party money at a $1+ billion hedge fund under a profit-sharing agreement. Since early ...

Jackpot Digital Receives Approval from AGCO as a Registered Gaming SupplierDecember 13, 2024 4:11 AM EST | Source: Jackpot Digital Inc.Vancouver, British Columbia--(Newsfile Corp. - December 13, 2024) - Jackpot Digital Inc. (TSXV: JJ) (TSXV: JJ.WT.C) (OTCQB: JPOTF) (Frankfurt Stock Exchange: LVH3) (the "Company" or "Jackpot Digital"), the world's leading provider of innovative dealerless electronic poker gaming solutions, is pleased to announce that the Alcohol and Gaming Commission of Ontario ...

DULUTH, Ga., Dec. 4, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, celebrated the grand opening of the AGCO Technician Training Center at Parkland College in Champaign, Illinois. The new 22,000 square-foot facility is the home of the school's AGCO Agriculture Service Technician Associate in Applied Science (A.A.S.) degree program, which provides instruction specific to the company's popul ...

AGCO Corporation (AGCO) delivered an adjusted earnings per share of 68 cents in third-quarter 2024, missing the Zacks Consensus Estimate of $1.07. The bottom line fell 83% year over year. Low commodity prices and elevated input costs impacted equipment demand in the quarter. Despite the weaker-than-expected earnings, AGCO shares have gained 2% since, backed by the company’s aggressive cost control actions and portfolio adjustments, which will sustain margins amid weak demand. AGCO recently completed the div ...

Have you evaluated the performance of Agco's (AGCO) international operations for the quarter ending September 2024? Given the extensive global presence of this farm equipment maker, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-12930 AGCO CORPORATION (Exact name of Registrant as specified in its charter) Delaware 58-1960019 (State or other ...

AGCO Corporation (NYSE:AGCO) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Greg Peterson - Head of IR Eric Hansotia - Chairman, President and CEO Damon Audia - SVP, CFO Conference Call Participants Jamie Cook - Truist Securities Kristen Owen - Oppenheimer Stephen Volkmann - Jefferies Joel Jackson - BMO Capital Markets Mig Dobre - RW Baird Tami Zakaria - J.P. Morgan Operator Good day, and welcome to the AGCO Third Quarter 2024 Earnings Call. All participants will be in a ...

Agco (AGCO) reported $2.6 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 24.8%. EPS of $0.68 for the same period compares to $3.97 a year ago.The reported revenue represents a surprise of -10.37% over the Zacks Consensus Estimate of $2.9 billion. With the consensus EPS estimate being $1.07, the EPS surprise was -36.45%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Company Performance - Agco reported quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $1.07 per share, and a significant decline from $3.97 per share a year ago, representing an earnings surprise of -36.45% [1] - The company posted revenues of $2.6 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 10.37%, and down from $3.46 billion year-over-year [2] - Over the last four quarters, Agco has surpassed consensus EPS estimates only once and has not beaten consensus revenue estimates during the same period [2] Stock Outlook - Agco shares have declined approximately 19.4% since the beginning of the year, contrasting with the S&P 500's gain of 19.8% [3] - The current consensus EPS estimate for the upcoming quarter is $1.91 on revenues of $3.37 billion, and for the current fiscal year, it is $7.87 on revenues of $12.45 billion [7] Industry Context - The Manufacturing - Farm Equipment industry, to which Agco belongs, is currently ranked in the bottom 10% of over 250 Zacks industries, indicating a challenging environment [8] - Empirical research suggests that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1, highlighting the potential impact of industry performance on Agco's stock [8]

THIRD QUARTER 2024 Financial and Operational Results November 5, 2024 2 SAFE HARBOR Forward-looking statements in this presentation, including statements about our strategic plans and initiatives as well as their financial impacts, demand, product development and capital expenditure plans and timing of those plans and our expectations with respect to the costs and benefits of those plans and timing of those benefits, future revenue, crop production and farm income, production levels, price levels, margins, ...