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Archer Daniels Midland (ADM) Gains But Lags Market: What You Should Know
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In the latest trading session, Archer Daniels Midland (ADM - Free Report) closed at $47.90, marking a +0.31% move from the previous day. This move lagged the S&P 500's daily gain of 1.86%. Meanwhile, the Dow gained 1.63%, and the Nasdaq, a tech-heavy index, added 2.95%.
Coming into today, shares of the agribusiness giant had lost 3.24% in the past month. In that same time, the Consumer Staples sector lost 2.11%, while the S&P 500 lost 8.85%.
ADM will be looking to display strength as it nears its next earnings release, which is expected to be November 6, 2018. On that day, ADM is projected to report earnings of $0.78 per share, which would represent year-over-year growth of 73.33%. Meanwhile, our latest consensus estimate is calling for revenue of $15.92 billion, up 7.4% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.44 per share and revenue of $64.70 billion. These totals would mark changes of +41.56% and +6.37%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for ADM. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.07% higher. ADM is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that ADM has a Forward P/E ratio of 13.9 right now. Its industry sports an average Forward P/E of 24.02, so we one might conclude that ADM is trading at a discount comparatively.
The Agriculture - Operations industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 101, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Archer Daniels Midland (ADM) Gains But Lags Market: What You Should Know
In the latest trading session, Archer Daniels Midland (ADM - Free Report) closed at $47.90, marking a +0.31% move from the previous day. This move lagged the S&P 500's daily gain of 1.86%. Meanwhile, the Dow gained 1.63%, and the Nasdaq, a tech-heavy index, added 2.95%.
Coming into today, shares of the agribusiness giant had lost 3.24% in the past month. In that same time, the Consumer Staples sector lost 2.11%, while the S&P 500 lost 8.85%.
ADM will be looking to display strength as it nears its next earnings release, which is expected to be November 6, 2018. On that day, ADM is projected to report earnings of $0.78 per share, which would represent year-over-year growth of 73.33%. Meanwhile, our latest consensus estimate is calling for revenue of $15.92 billion, up 7.4% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.44 per share and revenue of $64.70 billion. These totals would mark changes of +41.56% and +6.37%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for ADM. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.07% higher. ADM is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that ADM has a Forward P/E ratio of 13.9 right now. Its industry sports an average Forward P/E of 24.02, so we one might conclude that ADM is trading at a discount comparatively.
The Agriculture - Operations industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 101, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.