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“We remain focused on growing our high-margin precision ag business, globalizing the full-line of our Fendt branded products and expanding our parts and service business,” he added.ĬARS’ revenue has grown at an 11.9% CAGR over the past three years, while its EBITDA and net income have increased at CAGRs of 25.4% and 92.3%, respectively.

We assume global market conditions will remain healthy, as favorable farm economics allow farmers to continue to invest in new more productive equipment and technology upgrades.” The company markets and sells its products under the Challenger, GSI, Fendt, Massey Ferguson, and Valtra brands through a network of independent dealers and distributors.Įric Hansotia, AGCO’s Chief Executive Officer, said, “For 2023, we expect continued sales growth and margin expansion as industry demand remains strong and our farmer-first strategy continues to gain traction.

The company’s revenue and EPS for fiscal 2025 are expected to increase 11.2% and 22.4 from the previous year to $38.50 billion and $8.72, respectively.ĪGCO manufactures and distributes agricultural equipment and related replacement parts globally. In addition, the company’s non-GAAP net income grew 96.4% from the year-ago value to $1.66 billion, while its non-GAAP net income per share was $1.68, up 100% year-over-year.Īnalysts expect CRM’s revenue and EPS for the fiscal year (ending January 2024) to come in at $34.62 billion and $7.13, indicating an improvement of 10.4% and 36% year-over-year, respectively. Its gross profit rose 18.3% year-over-year to $6.28 billion. Over the same period, the company’s EBIT has increased at a CAGR, while its net income and EPS have grown at CAGRs of 18.2% and 11.8%, respectively.ĬRM’s total revenues increased 14.4% year-over-year to $8.38 billion for the fourth quarter that ended January 31, 2023. On January 12, CRM and Walmart Commerce Technologies announced their partnership to provide retailers with technologies and services that power frictionless local pickup and delivery for shoppers everywhere.ĬRM’s Executive VP of Alliances & Channels, Tyler Prince, said, “Salesforce is thrilled to partner with Walmart as it transforms its business and further expands into the digital technology market.”ĬRM’s revenue has grown at a CAGR of 22.4% over the past three years. The new launch is expected to boost the company’s growth and profitability. Fundamentally sound growth stocks CRM, AGCO, and CARS are well-positioned to deliver significant returns despite heightened market and economic uncertainty. Investors’ interest in growth stocks is evident from the Vanguard Growth ETF’s ( VUG ) 9.1% returns over the past six months. Despite current macroeconomic conditions, few growth stocks have what it takes to prosper and deliver big returns this year. Heightened macroeconomic uncertainty, as reflected by growing recession odds, is expected to keep the stock market under immense pressure in the near term. Furthermore, according to the BofA fund manager survey, about 42% of fund managers surveyed see a recession within the next 12 months. Jan Hatzius, Goldman Sachs’ chief economist, now predicts a 35% possibility of a recession in the next 12 months, an increase from his previous estimate of 25%. The escalation in near-term uncertainty has compelled Goldman Sachs Group to adjust its recession forecasts. Fed Chairman Jerome Powell said “rate cuts are not in our base case” for the remainder of this year despite prominent economists urging the Fed to pause rate hikes due to concerns of overcorrecting the economy into recession amid recent bank collapses.