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Is Archer Daniels Midland (ADM) Stock Outpacing Its Consumer Staples Peers This Year?

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Investors focused on the Consumer Staples space have likely heard of Archer Daniels Midland (ADM - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.

Archer Daniels Midland is a member of the Consumer Staples sector. This group includes 186 individual stocks and currently holds a Zacks Sector Rank of #6. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. ADM is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for ADM's full-year earnings has moved 5.88% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that ADM has returned about 20.53% since the start of the calendar year. In comparison, Consumer Staples companies have returned an average of 2.94%. This means that Archer Daniels Midland is performing better than its sector in terms of year-to-date returns.

Looking more specifically, ADM belongs to the Agriculture - Operations industry, which includes 12 individual stocks and currently sits at #187 in the Zacks Industry Rank. On average, stocks in this group have gained 2.22% this year, meaning that ADM is performing better in terms of year-to-date returns.

ADM will likely be looking to continue its solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to the company.


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