Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Archer Daniels Midland (ADM - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ADM and the rest of the Consumer Staples group's stocks.
Archer Daniels Midland is a member of the Consumer Staples sector. This group includes 176 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ADM is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ADM's full-year earnings has moved 12.55% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ADM has moved about 26.50% on a year-to-date basis. Meanwhile, stocks in the Consumer Staples group have lost about 7.41% on average. As we can see, Archer Daniels Midland is performing better than its sector in the calendar year.
To break things down more, ADM belongs to the Agriculture - Operations industry, a group that includes 9 individual companies and currently sits at #36 in the Zacks Industry Rank. Stocks in this group have gained about 16.63% so far this year, so ADM is performing better this group in terms of year-to-date returns.
Investors with an interest in Consumer Staples stocks should continue to track ADM. The stock will be looking to continue its solid performance.
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 >>
Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Archer Daniels Midland (ADM - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ADM and the rest of the Consumer Staples group's stocks.
Archer Daniels Midland is a member of the Consumer Staples sector. This group includes 176 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ADM is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ADM's full-year earnings has moved 12.55% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ADM has moved about 26.50% on a year-to-date basis. Meanwhile, stocks in the Consumer Staples group have lost about 7.41% on average. As we can see, Archer Daniels Midland is performing better than its sector in the calendar year.
To break things down more, ADM belongs to the Agriculture - Operations industry, a group that includes 9 individual companies and currently sits at #36 in the Zacks Industry Rank. Stocks in this group have gained about 16.63% so far this year, so ADM is performing better this group in terms of year-to-date returns.
Investors with an interest in Consumer Staples stocks should continue to track ADM. The stock will be looking to continue its solid performance.
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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