S&P 500
7,582.20
+0.03%
Dow Jones
51,018.80
+0.58%
Nasdaq 100
30,344.40
+0.25%
Russell 2000
2,916.31
-0.54%
FTSE 100
10,378.60
-0.32%
Nikkei 225
66,231.90
+0.67%

Commodities & Metals

Monsanto Beats, But Not Enough (MON)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Monsanto Co. (NYSE: MON) has just reported its quarterly earnings report.  The agriculture and seed giant has posted $1.45 EPS on $3.588 Billion in total sales.  First Call had estimates at $1.34 EPS on $3.71 Billion in revenues. 

Monsanto said it now expects its full-year 2008 EPS at roughly $3.63 on a reported basis and approximately $3.40 on an ongoing basis.  First Call’s year-end estimates for Fiscal Aug-2008 are $3.39 EPS on $11.41 Billion in revenues. 

The company is still maintaining that it targets more than a doubling of gross profit in 2012.

If the company goes out on a limb in its 9:30 AM EST conference call and forecasts fiscal Aug-2009, those estimates are $4.22 EPS on $13.13 Billion in revenues.  This is factoring in growth of 24% on earnings per share and growth of 15% in revenues.

While the bottom line is a win and while the company has maintained its long-term targets, the shares are taking a breather so far this morning.  Shares are down almost 3% at $131.76 in active pre-market trading.  After the huge run we’ve seen in the stock, Wall Street wanted more than it just saw.

Jon C. Ogg
June 25, 2008

DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

Agriculture Earnings Duel: Mosaic vs. Monsanto (MOS, MON, MOO)

This week we’ll get to see two important earnings reports out of agriculture leaders.   Wednesday we’ll get to see earnings…

Douglas A. McIntyre |

Monsanto Set Up For Earnings (MON)

Monsanto Co. (NYSE: MON) is set to report earnings on Wednesday morning pre-market with a conference call to follow at…

Paul Ausick |

Buybacks Might Not Save Monsanto Earnings

Monsanto reported fourth-quarter and fiscal 2014 results before markets opened Wednesday morning and warned of smaller first-quarter 2015 earnings.

Douglas A. McIntyre |

Monsanto Tries Raising Guidance (MON)

Monsanto Company (NYSE: MON) raised fiscal 2008 earnings estimates.  The crop and agriculture player now sees earnings of $3.58 to…

Chris Lange |

Monsanto Light on Revenues, Looks Light Ahead

Monsanto reported disappointing fiscal second-quarter earnings before the U.S. markets opened Wednesday.

Douglas A. McIntyre |

Monsanto Raises Guidance, Right Ahead of Earnings (MON, MOO)

Monsanto (NYSE: MON) has just raised its guidance for earnings per share and for free cash flows.  The company is…

3 of Thursday’s Biggest Earnings Reports
Chris Lange |

3 of Thursday’s Biggest Earnings Reports

The Trump rally has helped push the broad markets to new highs, and 24/7 Wall St. has put together a…

Chris Lange |

8 Key Earnings for the Week Ahead

24/7 Wall St. has put together a preview of Nike, BlackBerry and some of the other companies reporting their quarterly…

Paul Ausick |

Can Monsanto Overcome Its Weaker Guidance After Earnings?

Monsanto reported lower but better-than-expected first-quarter fiscal 2015 results before markets opened Wednesday morning.

Top Gaining Stocks

Dell Technologies
DELL • Vol: 42,366,555
NetApp
NTAP • Vol: 15,911,807
ServiceNow
NOW • Vol: 68,243,561
IBM
IBM • Vol: 28,527,546
Hewlett Packard Enterprise
HPE • Vol: 86,996,387

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Clorox
CLX • Vol: 4,744,001
ResMed
RMD • Vol: 3,526,686
Intel
INTC • Vol: 191,680,425
Skyworks Solutions
SWKS • Vol: 5,407,806