Archer Daniels Midland Company (ADM - Free Report) , a leading player in the global food processing industry, released second-quarter 2017 results, wherein adjusted earnings of 57 cents per share surpassed the Zacks Consensus Estimate of 52 cents and increased 39% from 41 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 seven days. Moreover, Archer Daniels’ performance in the trailing four quarters 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 $14,943 million, which declined 4.4% year over year and missed the Zacks Consensus Estimate of $15,842 million.
Key Events: Archer Daniels returned $875 million to shareholders in the first half of 2017, in the form of share repurchases and dividend payments.
Zacks Rank: Currently, Archer Daniels carries a Zacks Rank #4 (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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