- AG Growth International has lowered its forecast for the full-year adjusted EBITDA.
- The new adjusted EBITDA forecast is approximately C$260 million, down from an earlier forecast of about C$280 million.
- Analysts had estimated the EBITDA to be around C$277.4 million.
- The expected adjusted EBITDA margin for 2024 is around 18.5%.
- Paul Householder, President & CEO of AGI, attributed the revised forecast to various recent factors.
- Concerns stem from order intake trends and market conditions in the North American Farm segment.
- Cautious outlook for a significant rebound in 2025’s overall results.
- The company has received 7 ‘buy’ recommendations, 1 ‘hold’, and no ‘sell’ from analysts.
“`
A look at Ag Growth International Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Ag Growth International, Inc. is positioned for a promising future ahead, as indicated by its Smartkarma Smart Scores. With a solid score in growth and momentum, the company shows great potential for expansion and market performance. This suggests that Ag Growth International is actively striving towards advancing its market presence and seizing opportunities for development. Additionally, its value score indicates a reasonable valuation, making it an attractive option for investors looking for stability and potential growth in the long run.
Despite facing challenges in terms of resilience and dividend, Ag Growth International‘s overall outlook remains positive. The company’s focus on manufacturing grain handling equipment positions it in a niche market with room for growth. Continued efforts to enhance resilience and potentially increase dividend scores could further strengthen its position in the industry. Overall, Ag Growth International‘s balanced scores reflect a company that is on a trajectory towards sustainable growth and value creation for its investors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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