AGCO Corp. (AGCO) Misses Q4 EPS by 3c, Offers Outlook

AGCO Corp. (NYSE: AGCO) reported Q4 EPS of $1.10, $0.03 worse than the analyst estimate of $1.13. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.39 billion.

Relatively stable industry demand is anticipated across all regions in 2018. AGCO’s net sales for 2018 are expected to reach approximately $9.1 billion reflecting improved sales volumes, positive pricing as well as acquisition and foreign currency translation impacts. Gross and operating margins are expected to improve from 2017 levels, reflecting the positive impact of pricing and cost reduction efforts partially offset by increased engineering expenses. Based on these assumptions, 2018 earnings per share is targeted to be approximately $3.50.

(Street sees FY EPS of $3.77)

For earnings history and earnings-related data on AGCO Corp. (AGCO) click here.

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