Archer Daniels Midland Company (ADM - Free Report) , a leading player in the global food processing industry, released fourth-quarter 2016 results, wherein adjusted earnings of 75 cents a share lagged the Zacks Consensus Estimate of 80 cents but increased15.4% from 65 cents per share earned in the year-ago quarter.
Earnings Estimate Revision: The Zacks Consensus Estimate portrays a downtrend in the last 30 days. Moreover, Archer Daniels’ performance in the trailing four quarters (including the quarter under review) gives a negative picture, as earnings have missed estimates in three of the trailing four quarters. However, the company has an average surprise of 2.5% for the trailing four quarters.
Revenues: Archer Daniels generated net sales of $16,501 million, which inched up 0.3% year over year but missed the Zacks Consensus Estimate of $16,584 million.
Key Events: Concurrent to its earnings release, the company declared a quarterly cash dividend of 32 cents per share, which is payable on Mar 14, 2017, to shareholders with record as on Feb 21, 2017.
Recently, Archer Daniels inked a deal with Validus Holdings Ltd. to sell its Crop Risk Services (“CRS”) insurance operations. The cash deal, valued at $127.5 million, is expected to close in the first half of fiscal 2017. Under the terms of the deal, both companies also signed a marketing services agreement to collectively offer a wide range of insurance and farmer marketing products to CRS consumers.
Zacks Rank: Currently, Archer Daniels carries a Zacks Rank #3 (Sell) which is subject to change based on the just released earnings results. 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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Archer Daniels Midland Company (ADM - Free Report) , a leading player in the global food processing industry, released fourth-quarter 2016 results, wherein adjusted earnings of 75 cents a share lagged the Zacks Consensus Estimate of 80 cents but increased15.4% from 65 cents per share earned in the year-ago quarter.
Earnings Estimate Revision: The Zacks Consensus Estimate portrays a downtrend in the last 30 days. Moreover, Archer Daniels’ performance in the trailing four quarters (including the quarter under review) gives a negative picture, as earnings have missed estimates in three of the trailing four quarters. However, the company has an average surprise of 2.5% for the trailing four quarters.
Revenues: Archer Daniels generated net sales of $16,501 million, which inched up 0.3% year over year but missed the Zacks Consensus Estimate of $16,584 million.
Key Events: Concurrent to its earnings release, the company declared a quarterly cash dividend of 32 cents per share, which is payable on Mar 14, 2017, to shareholders with record as on Feb 21, 2017.
Recently, Archer Daniels inked a deal with Validus Holdings Ltd. to sell its Crop Risk Services (“CRS”) insurance operations. The cash deal, valued at $127.5 million, is expected to close in the first half of fiscal 2017. Under the terms of the deal, both companies also signed a marketing services agreement to collectively offer a wide range of insurance and farmer marketing products to CRS consumers.
Zacks Rank: Currently, Archer Daniels carries a Zacks Rank #3 (Sell) which is subject to change based on the just released earnings results. 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!
Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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