AGCO (AGCO) Stock: Why The Price Increased Today

By Amit Chowdhry ● Feb 8, 2022
  • The stock price of AGCO Corporation (NYSE: AGCO) increased by over 7% during intraday trading today. This is why it happened.

The stock price of AGCO Corporation (NYSE: AGCO) increased by over 7% during intraday trading today. Investors are responding positively to AGCO’s fourth-quarter results.

AGCO reported Q4 EPS of $3.08, which was $1.31 better than analyst estimates of $1.77. And the revenue for the quarter was $3.2 billion compared to the consensus estimate of $3.06 billion.

In terms of guidance, AGCO expects FY2022 EPS of $11.50, compared to the consensus of $10.58. And AGCO expects FY2022 revenue of $12.3 billion, compared to the consensus of $11.89 billion.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.