Archer Daniels Midland Company (ADM - Free Report) , a leading player in the global food processing industry, released first-quarter 2017 results, wherein adjusted earnings of 60 cents a share was a penny short of the Zacks Consensus Estimate but increased 42.9% from 42 cents per share earned in the year-ago quarter.
Earnings Estimate Revision: The Zacks Consensus Estimate for the current fiscal 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 positive surprise of 2.7% for the trailing four quarters.
Revenues: Archer Daniels generated net sales of $14,988 million, which rose 4.2% year over year but missed the Zacks Consensus Estimate of $15,285 million.
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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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.
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Archer Daniels Midland Company (ADM - Free Report) , a leading player in the global food processing industry, released first-quarter 2017 results, wherein adjusted earnings of 60 cents a share was a penny short of the Zacks Consensus Estimate but increased 42.9% from 42 cents per share earned in the year-ago quarter.
Earnings Estimate Revision: The Zacks Consensus Estimate for the current fiscal 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 positive surprise of 2.7% for the trailing four quarters.
Revenues: Archer Daniels generated net sales of $14,988 million, which rose 4.2% year over year but missed the Zacks Consensus Estimate of $15,285 million.
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!
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks ""Strong Sells"" absolutely free >>.
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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