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Archer Daniels Midland (ADM) Exceeds Market Returns: Some Facts to Consider
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Archer Daniels Midland (ADM - Free Report) ended the recent trading session at $67.99, demonstrating a +2.75% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 1.15%. At the same time, the Dow added 1.38%, and the tech-heavy Nasdaq gained 1.38%.
Coming into today, shares of the agribusiness giant had lost 2.52% in the past month. In that same time, the Consumer Staples sector lost 10.55%, while the S&P 500 lost 5.69%.
The investment community will be paying close attention to the earnings performance of Archer Daniels Midland in its upcoming release. The company is forecasted to report an EPS of $0.71, showcasing a 1.43% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $20.67 billion, up 2.47% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.21 per share and a revenue of $83.36 billion, signifying shifts of +22.74% and +3.85%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Archer Daniels Midland. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 6.53% higher. Currently, Archer Daniels Midland is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Archer Daniels Midland is presently trading at a Forward P/E ratio of 15.71. This denotes a premium relative to the industry average Forward P/E of 14.6.
It's also important to note that ADM currently trades at a PEG ratio of 0.83. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Agriculture - Operations industry had an average PEG ratio of 1.16.
The Agriculture - Operations industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 91, positioning it in the top 38% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the 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) Exceeds Market Returns: Some Facts to Consider
Archer Daniels Midland (ADM - Free Report) ended the recent trading session at $67.99, demonstrating a +2.75% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 1.15%. At the same time, the Dow added 1.38%, and the tech-heavy Nasdaq gained 1.38%.
Coming into today, shares of the agribusiness giant had lost 2.52% in the past month. In that same time, the Consumer Staples sector lost 10.55%, while the S&P 500 lost 5.69%.
The investment community will be paying close attention to the earnings performance of Archer Daniels Midland in its upcoming release. The company is forecasted to report an EPS of $0.71, showcasing a 1.43% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $20.67 billion, up 2.47% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.21 per share and a revenue of $83.36 billion, signifying shifts of +22.74% and +3.85%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Archer Daniels Midland. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 6.53% higher. Currently, Archer Daniels Midland is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Archer Daniels Midland is presently trading at a Forward P/E ratio of 15.71. This denotes a premium relative to the industry average Forward P/E of 14.6.
It's also important to note that ADM currently trades at a PEG ratio of 0.83. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Agriculture - Operations industry had an average PEG ratio of 1.16.
The Agriculture - Operations industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 91, positioning it in the top 38% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the 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.