Trading Radar for 10/7: Monsanto (MON), Mistras Group (MG), Resources Connection (RECN) Report

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Monsanto (MON) Misses Q4 EPS by 17c; Guides FY15 EPS Below Views

October 7, 2015 8:03 AM EDT

Monsanto (NYSE: MON) reported Q4 EPS of ($0.19), $0.17 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $2.36 billion versus the consensus estimate of $2.79 billion.

Monsanto sees FY2016 EPS of $5.10-$5.60, versus the consensus of $5.75.

The company projects free cash flow in the range of $1.6 billion to $1.8 billion for fiscal year 2016. The company expects net cash provided by operating activities to be $2.7 billion to $3.1 billion, and net cash required by investing activities to be approximately $1.1 billion to $1.3 billion. (For a reconciliation of free cash flow, see note 1.)

In fiscal year 2016,... More