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Archer Daniels Midland (ADM) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Archer Daniels Midland (ADM - Free Report) closed at $54.00, marking a -1.01% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.61% for the day. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 0.95%.
Prior to today's trading, shares of the agribusiness giant had gained 11.92% outpaced the Consumer Staples sector's loss of 0.78% and the S&P 500's gain of 3.85%.
The investment community will be closely monitoring the performance of Archer Daniels Midland in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.88, reflecting a 14.56% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $21.11 billion, indicating a 5.13% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $4.03 per share and a revenue of $84.15 billion, demonstrating changes of -14.98% and -1.61%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Archer Daniels Midland. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.44% lower. Archer Daniels Midland presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Archer Daniels Midland is currently being traded at a Forward P/E ratio of 13.52. This denotes a discount relative to the industry average Forward P/E of 15.29.
One should further note that ADM currently holds a PEG ratio of 3.05. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Agriculture - Operations industry held an average PEG ratio of 1.54.
The Agriculture - Operations industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 232, this industry ranks in the bottom 7% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Archer Daniels Midland (ADM) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Archer Daniels Midland (ADM - Free Report) closed at $54.00, marking a -1.01% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.61% for the day. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 0.95%.
Prior to today's trading, shares of the agribusiness giant had gained 11.92% outpaced the Consumer Staples sector's loss of 0.78% and the S&P 500's gain of 3.85%.
The investment community will be closely monitoring the performance of Archer Daniels Midland in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.88, reflecting a 14.56% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $21.11 billion, indicating a 5.13% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $4.03 per share and a revenue of $84.15 billion, demonstrating changes of -14.98% and -1.61%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Archer Daniels Midland. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.44% lower. Archer Daniels Midland presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Archer Daniels Midland is currently being traded at a Forward P/E ratio of 13.52. This denotes a discount relative to the industry average Forward P/E of 15.29.
One should further note that ADM currently holds a PEG ratio of 3.05. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Agriculture - Operations industry held an average PEG ratio of 1.54.
The Agriculture - Operations industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 232, this industry ranks in the bottom 7% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.