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Archer Daniels Midland (ADM - Free Report) closed at $72.15 in the latest trading session, marking a -1.68% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.08%. At the same time, the Dow lost 0.18%, and the tech-heavy Nasdaq gained 0.1%.
The agribusiness giant's shares have seen an increase of 8.04% over the last month, surpassing the Consumer Staples sector's loss of 7.95% and the S&P 500's loss of 1.74%.
Analysts and investors alike will be keeping a close eye on the performance of Archer Daniels Midland in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.67, reflecting a 4.29% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $21.11 billion, reflecting a 4.62% rise from the equivalent quarter last year.
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.
Investors should also take note of any recent adjustments to analyst estimates for Archer Daniels Midland. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 9.21% upward. At present, Archer Daniels Midland boasts a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Archer Daniels Midland is presently being traded at a Forward P/E ratio of 16.99. This denotes a premium relative to the industry average Forward P/E of 15.33.
One should further note that ADM currently holds a PEG ratio of 0.9. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Agriculture - Operations industry currently had an average PEG ratio of 1.26 as of yesterday's close.
The Agriculture - Operations industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 68, this industry ranks in the top 28% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Archer Daniels Midland (ADM) Stock Sinks As Market Gains: Here's Why
Archer Daniels Midland (ADM - Free Report) closed at $72.15 in the latest trading session, marking a -1.68% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.08%. At the same time, the Dow lost 0.18%, and the tech-heavy Nasdaq gained 0.1%.
The agribusiness giant's shares have seen an increase of 8.04% over the last month, surpassing the Consumer Staples sector's loss of 7.95% and the S&P 500's loss of 1.74%.
Analysts and investors alike will be keeping a close eye on the performance of Archer Daniels Midland in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.67, reflecting a 4.29% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $21.11 billion, reflecting a 4.62% rise from the equivalent quarter last year.
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.
Investors should also take note of any recent adjustments to analyst estimates for Archer Daniels Midland. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 9.21% upward. At present, Archer Daniels Midland boasts a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Archer Daniels Midland is presently being traded at a Forward P/E ratio of 16.99. This denotes a premium relative to the industry average Forward P/E of 15.33.
One should further note that ADM currently holds a PEG ratio of 0.9. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Agriculture - Operations industry currently had an average PEG ratio of 1.26 as of yesterday's close.
The Agriculture - Operations industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 68, this industry ranks in the top 28% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.