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Archer Daniels Midland (ADM - Free Report) closed at $72.69 in the latest trading session, marking a +1.31% move from the prior day. The stock's change was less than the S&P 500's daily gain of 2.91%. Elsewhere, the Dow gained 2.49%, while the tech-heavy Nasdaq added 3.83%.
Prior to today's trading, shares of the agribusiness giant had gained 3.07% outpaced the Consumer Staples sector's loss of 11.18% and the S&P 500's loss of 7.64%.
Investors will be eagerly watching for the performance of Archer Daniels Midland in its upcoming earnings disclosure. The company is expected to report EPS of $0.67, down 4.29% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $21.11 billion, up 4.62% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.32 per share and a revenue of $84.27 billion, signifying shifts of +25.95% and +4.98%, respectively, from the last year.
Any recent changes to analyst estimates for Archer Daniels Midland should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the past month, the Zacks Consensus EPS estimate has moved 9.21% higher. Archer Daniels Midland is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Archer Daniels Midland is holding a Forward P/E ratio of 16.62. For comparison, its industry has an average Forward P/E of 14.09, which means Archer Daniels Midland is trading at a premium to the group.
Investors should also note that ADM has a PEG ratio of 0.88 right now. 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. The Agriculture - Operations was holding an average PEG ratio of 1.19 at yesterday's closing price.
The Agriculture - Operations industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Archer Daniels Midland (ADM) Rises Yet Lags Behind Market: Some Facts Worth Knowing
Archer Daniels Midland (ADM - Free Report) closed at $72.69 in the latest trading session, marking a +1.31% move from the prior day. The stock's change was less than the S&P 500's daily gain of 2.91%. Elsewhere, the Dow gained 2.49%, while the tech-heavy Nasdaq added 3.83%.
Prior to today's trading, shares of the agribusiness giant had gained 3.07% outpaced the Consumer Staples sector's loss of 11.18% and the S&P 500's loss of 7.64%.
Investors will be eagerly watching for the performance of Archer Daniels Midland in its upcoming earnings disclosure. The company is expected to report EPS of $0.67, down 4.29% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $21.11 billion, up 4.62% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.32 per share and a revenue of $84.27 billion, signifying shifts of +25.95% and +4.98%, respectively, from the last year.
Any recent changes to analyst estimates for Archer Daniels Midland should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the past month, the Zacks Consensus EPS estimate has moved 9.21% higher. Archer Daniels Midland is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Archer Daniels Midland is holding a Forward P/E ratio of 16.62. For comparison, its industry has an average Forward P/E of 14.09, which means Archer Daniels Midland is trading at a premium to the group.
Investors should also note that ADM has a PEG ratio of 0.88 right now. 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. The Agriculture - Operations was holding an average PEG ratio of 1.19 at yesterday's closing price.
The Agriculture - Operations industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.