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Archer Daniels Midland (ADM) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Archer Daniels Midland (ADM - Free Report) closed at $47.49, marking a -1.06% move from the previous day. This move lagged the S&P 500's daily gain of 1.09%. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 2.01%.
Heading into today, shares of the agribusiness giant had lost 4.78% over the past month, lagging the Consumer Staples sector's loss of 1.92% and outpacing the S&P 500's loss of 7.81% in that time.
ADM will be looking to display strength as it nears its next earnings release, which is expected to be November 6, 2018. In that report, analysts expect ADM to post earnings of $0.78 per share. This would mark 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.
Investors might also notice recent changes to analyst estimates for ADM. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.07% higher. ADM is currently a Zacks Rank #2 (Buy).
Looking at its valuation, ADM is holding a Forward P/E ratio of 13.97. This valuation marks a discount compared to its industry's average Forward P/E of 24.38.
The Agriculture - Operations industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 176, putting it in the bottom 31% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Archer Daniels Midland (ADM) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Archer Daniels Midland (ADM - Free Report) closed at $47.49, marking a -1.06% move from the previous day. This move lagged the S&P 500's daily gain of 1.09%. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 2.01%.
Heading into today, shares of the agribusiness giant had lost 4.78% over the past month, lagging the Consumer Staples sector's loss of 1.92% and outpacing the S&P 500's loss of 7.81% in that time.
ADM will be looking to display strength as it nears its next earnings release, which is expected to be November 6, 2018. In that report, analysts expect ADM to post earnings of $0.78 per share. This would mark 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.
Investors might also notice recent changes to analyst estimates for ADM. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.07% higher. ADM is currently a Zacks Rank #2 (Buy).
Looking at its valuation, ADM is holding a Forward P/E ratio of 13.97. This valuation marks a discount compared to its industry's average Forward P/E of 24.38.
The Agriculture - Operations industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 176, putting it in the bottom 31% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.