Archer Daniels Midland (ADM - Free Report) closed at $47.94 in the latest trading session, marking a -0.66% move from the prior day. This change was narrower than the S&P 500's daily loss of 1.97%. Elsewhere, the Dow lost 2.32%, while the tech-heavy Nasdaq lost 2.78%.
Prior to today's trading, shares of the agribusiness giant had lost 0.84% over the past month. This has lagged the Consumer Staples sector's gain of 1.24% and was narrower than the S&P 500's loss of 3.33% in that time.
Wall Street will be looking for positivity from ADM as it approaches its next earnings report date. This is expected to be February 5, 2019. In that report, analysts expect ADM to post earnings of $0.92 per share. This would mark year-over-year growth of 12.2%. Meanwhile, our latest consensus estimate is calling for revenue of $17.45 billion, up 8.6% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.52 per share and revenue of $64.83 billion. These totals would mark changes of +44.86% and +6.58%, 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate has moved 2.18% higher. ADM is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, ADM is currently trading at a Forward P/E ratio of 13.7. This valuation marks a discount compared to its industry's average Forward P/E of 20.51.
The Agriculture - Operations industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 88, putting it in the top 34% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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 >>
Archer Daniels Midland (ADM - Free Report) closed at $47.94 in the latest trading session, marking a -0.66% move from the prior day. This change was narrower than the S&P 500's daily loss of 1.97%. Elsewhere, the Dow lost 2.32%, while the tech-heavy Nasdaq lost 2.78%.
Prior to today's trading, shares of the agribusiness giant had lost 0.84% over the past month. This has lagged the Consumer Staples sector's gain of 1.24% and was narrower than the S&P 500's loss of 3.33% in that time.
Wall Street will be looking for positivity from ADM as it approaches its next earnings report date. This is expected to be February 5, 2019. In that report, analysts expect ADM to post earnings of $0.92 per share. This would mark year-over-year growth of 12.2%. Meanwhile, our latest consensus estimate is calling for revenue of $17.45 billion, up 8.6% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.52 per share and revenue of $64.83 billion. These totals would mark changes of +44.86% and +6.58%, 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate has moved 2.18% higher. ADM is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, ADM is currently trading at a Forward P/E ratio of 13.7. This valuation marks a discount compared to its industry's average Forward P/E of 20.51.
The Agriculture - Operations industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 88, putting it in the top 34% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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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