Jefferies Raises BG 1Q EPS Estimate From $0.99 To $1.36
Ahead of Bunge Limited's (NYSE: BG) 1Q11 earnings release, Jefferies is raising its 1Q EPS estimate to $1.36 from $0.99 (Street at $1.26).
“The increase is driven by what we expect to be a significant improvement in Brazilian soybean crush margins and, to lesser extent, a continued tailwind from BG's purchasing, storage, transportation and export services,” Jefferies writes.
Bunge Limited closed Monday at $74.48.
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