November 9, 2026
BG reported strong Q3 results as outperformance in Soft/Soy more than offset lower-than-expected Merchandising and Tropical results and higher-than-expected interest expense. EPS came in $0.20 ahead of our estimate, while EBIT bested us by $66M….
November 9, 2026
ADM reported robust Q3 earnings and bested HJR/consensus by $0.17. Approximately $0.07-$0.08 of the beat was from an insurance-related reversal, but the remainder was high-quality reflecting strong upside in Crush and Ethanol. Ag Services came…
November 2, 2026
We have adjusted our EPS estimates to account for the recently announced Brakebush acquisition (expected to close during Q1’27) and a more cautious view of volume growth/margins in the legacy business. We have estimated Brakebush…
November 2, 2026
Smithfield’s Q3 EBIT modestly exceeded our projection reflecting lower-than-expected corp/unallocated expense and slightly higher earnings from Packaged Meats; both Hog Production and Fresh Pork trailed us. It essentially kept the midpoint of its full-year PM…
October 23, 2026
We have reduced our H2 and full-year 2026 estimates, as well as our 2027 projection. Slower-than-expected demand in the North American market, as well as somewhat higher costs, is the primary driver of a more…
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Heather L. Jones founded Heather Jones Research, LLC in May 2019. She has worked in equity research for over 20 years including stints on both the buy- and sell-side. She has worked at Bear Stearns, BB&T and most recently, Candlestick Capital, LLC. In StarMine’s 2013 Analyst Awards for Excellence, she was ranked #1 stock picker in the Food Products category. She was also named top stock picker for 2012 in the Food and Tobacco industry in The Wall Street Journal’s annual “Best on the Street” analyst survey. In 2007, Jones placed third in her industry. She was also ranked #1 in the food industry by Forbes.com in its 2009 “Blue Chip Analyst” awards survey.
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