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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