AGCO sees Q1 sales flat compared to prior year, consensus $2.28B Sees Q1 sales approximately flat compared to prior year. Also said in 2013 it expects more normal seasonality for production and sales and sees Q2 sales, like Q1, to be approximately flat with the same period in 2012. Guidance from Q4 earnings conference call.
AGCO sees FY14 EPS $4.10-$4.30, consensus $4.16 Sees FY14 net sales $9.5B-$9.7B, consensus $9.66B. The negative impacts of lower sales and production volumes on gross margins are expected to be partially offset by cost reduction initiatives.