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Archer Daniels Midland (ADM) Gains As Market Dips: What You Should Know
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In the latest trading session, Archer Daniels Midland (ADM - Free Report) closed at $70.83, marking a +2.08% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.08%. On the other hand, the Dow registered a loss of 0.61%, and the technology-centric Nasdaq increased by 0.08%.
Heading into today, shares of the agribusiness giant had gained 1.12% over the past month, outpacing the Consumer Staples sector's loss of 3.4% and the S&P 500's loss of 2.16%.
The upcoming earnings release of Archer Daniels Midland will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.71, reflecting a 1.43% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $20.67 billion, reflecting a 2.47% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.95 per share and a revenue of $83.36 billion, indicating changes of +15.16% and +3.85%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Archer Daniels Midland. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Archer Daniels Midland is currently a Zacks Rank #3 (Hold).
In terms of valuation, Archer Daniels Midland is presently being traded at a Forward P/E ratio of 17.55. This denotes a premium relative to the industry average Forward P/E of 14.89.
One should further note that ADM currently holds a PEG ratio of 0.93. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Agriculture - Operations stocks are, on average, holding a PEG ratio of 1.2 based on yesterday's closing prices.
The Agriculture - Operations industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 192, this industry ranks in the bottom 22% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Archer Daniels Midland (ADM) Gains As Market Dips: What You Should Know
In the latest trading session, Archer Daniels Midland (ADM - Free Report) closed at $70.83, marking a +2.08% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.08%. On the other hand, the Dow registered a loss of 0.61%, and the technology-centric Nasdaq increased by 0.08%.
Heading into today, shares of the agribusiness giant had gained 1.12% over the past month, outpacing the Consumer Staples sector's loss of 3.4% and the S&P 500's loss of 2.16%.
The upcoming earnings release of Archer Daniels Midland will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.71, reflecting a 1.43% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $20.67 billion, reflecting a 2.47% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.95 per share and a revenue of $83.36 billion, indicating changes of +15.16% and +3.85%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Archer Daniels Midland. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Archer Daniels Midland is currently a Zacks Rank #3 (Hold).
In terms of valuation, Archer Daniels Midland is presently being traded at a Forward P/E ratio of 17.55. This denotes a premium relative to the industry average Forward P/E of 14.89.
One should further note that ADM currently holds a PEG ratio of 0.93. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Agriculture - Operations stocks are, on average, holding a PEG ratio of 1.2 based on yesterday's closing prices.
The Agriculture - Operations industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 192, this industry ranks in the bottom 22% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.