Archer Daniels Midland Company (ADM Quick QuoteADM - Free Report) , a leading player in the global food processing industry, released first-quarter 2018 results, wherein adjusted earnings of 68 cents per share outpaced the Zacks Consensus Estimate of 47 cents and grew 13.3% from 60 cents per share earned in the year-ago quarter.

Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has witnessed an uptrend in the last 30 days. Further, if we look at Archer Daniels’ performance in the trailing four quarters (excluding the quarter under review), the company’s earnings have outperformed the Zacks Consensus Estimate by an average of 1.7%.

Revenues: Archer Daniels generated net sales of $15,526 million, which grew 3.6% year over year and also surpassed the Zacks Consensus Estimate of $14,523 million.

Key Events: Archer Daniels paid cash dividends of $190 million to shareholders in the first quarter of 2018.

Zacks Rank: Archer Daniels carries a Zacks Rank #2 (Buy), which is subject to change based on the just released earnings.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on Archer Daniels’ earnings report!

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