AGRO Earnings Prediction
The chart below shows how AGRO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AGRO sees a -5.21% change in stock price 10 days leading up to the earnings, and a -0.61% change 10 days following the report. On the earnings day itself, the stock moves by +0.55%. This data can give you a slight idea of what to expect for the next quarter's release.
AGRO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
471.50M
22.21%
14.60%
Gross Margin
23.43%
-13.19%
25.29%
Operating Margin
8.87%
-16.71%
520.28%
Net Margin
3.97%
-79.68%
65.42%
EPS
0.19
-72.86%
111.11%
No Data Available
AGRO Earnings Analysis
ADECOAGRO S.A. Corporation (AGRO.N) Earnings Conference Call
Positive
Shareholder Distribution Commitment: 1. Shareholder Distribution Commitment: Adecoagro has committed $96 million to shareholder distribution, including $35 million in cash dividends and $61 million in share repurchases year-to-date.
Record Rice Segment Performance: 2. Record Rice Operations Performance: The rice segment achieved record results, contributing to a year-to-date adjusted EBITDA of $51 million, marking a new record for this segment.
Crushing Volume Increase: 3. Increased Crushing Volume: The company reported a 6% year-over-year increase in total crushing volume, reaching 10.2 million tons, due to greater sugar cane availability from expansion activities.
Sales Performance Surge: 4. Strong Financial Results: Gross sales increased to $457 million during the third quarter, with year-to-date sales surpassing $1.1 billion, driven by higher volumes sold across most products.
Enhanced Capital Distribution: 5. Improved Capital Allocation: Adecoagro's capital allocation strategy includes a minimum distribution of 40% of cash generated, with $96 million already committed, exceeding the minimum requirement by $26 million.
Negative
EBITDA Decline Analysis: 1. Decline in Adjusted EBITDA: Adjusted EBITDA for Q3 2024 was $111 million, representing a 29% decline compared to the prior year, primarily due to the absence of farm sales that contributed $30 million in Q3 2023.
Decline in Sugar and Ethanol: 2. Lower Sugar, Ethanol, and Energy Performance: The Sugar, Ethanol, and Energy segment's adjusted EBITDA was $100 million for Q3 2024, down from the previous year, driven by lower sugar and ethanol prices and losses in biological assets.
Crops Segment EBITDA Decline: 3. Significant Drop in Crops Segment EBITDA: The Crops segment's adjusted EBITDA fell to $2 million in Q3 2024 from $29 million in the same quarter last year, largely due to the sale of a farm in the prior year and lower international prices for key products.
Rising Operational Expenses: 4. Increased Costs in Rice Operations: Despite higher sales in the rice segment, adjusted EBITDA was negatively impacted by higher costs in US dollar terms, indicating rising operational expenses that outpaced revenue growth.
Dairy Segment Challenges: 5. Weak Performance in Dairy Segment: The Dairy segment's adjusted EBITDA totaled $8 million in Q3 2024, reflecting challenges in maintaining profitability despite higher sales, suggesting pressure on margins in this segment.
AGRO FAQs
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AGRO Earning Call Sentiment
Adecoagro S.A. (AGRO) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
AGRO.N
0.8%Positive
The earnings call shows positive signs with increased gross sales, record high rice adjusted EBITDA, improved liquidity, and significant share repurchases. Despite some declines in EBITDA and crushing volumes, optimistic guidance on ethanol demand, sugar prices, and yield improvements in Argentina contribute positively. The market strategy and shareholder return plan are strong, while financial health remains stable. Given the small market cap, these factors collectively suggest a positive stock price movement of 2% to 8% over the next two weeks.
