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Is Archer Daniels Midland (ADM) Outperforming Other Consumer Staples Stocks This Year?
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Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Is Archer Daniels Midland (ADM - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.
Archer Daniels Midland is a member of our Consumer Staples group, which includes 173 different companies and currently sits at #15 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Archer Daniels Midland is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ADM's full-year earnings has moved 5.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ADM has returned 39.6% so far this year. At the same time, Consumer Staples stocks have gained an average of 9.1%. This means that Archer Daniels Midland is outperforming the sector as a whole this year.
Another stock in the Consumer Staples sector, ARKO Corp. (ARKO - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 90.1%.
In ARKO Corp.'s case, the consensus EPS estimate for the current year increased 31.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Archer Daniels Midland is a member of the Agriculture - Operations industry, which includes 11 individual companies and currently sits at #108 in the Zacks Industry Rank. On average, this group has gained an average of 17.4% so far this year, meaning that ADM is performing better in terms of year-to-date returns.
ARKO Corp., however, belongs to the Consumer Products - Staples industry. Currently, this 35-stock industry is ranked #182. The industry has moved +1.9% so far this year.
Investors with an interest in Consumer Staples stocks should continue to track Archer Daniels Midland and ARKO Corp.. These stocks will be looking to continue their solid performance.
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Is Archer Daniels Midland (ADM) Outperforming Other Consumer Staples Stocks This Year?
Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Is Archer Daniels Midland (ADM - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.
Archer Daniels Midland is a member of our Consumer Staples group, which includes 173 different companies and currently sits at #15 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Archer Daniels Midland is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ADM's full-year earnings has moved 5.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ADM has returned 39.6% so far this year. At the same time, Consumer Staples stocks have gained an average of 9.1%. This means that Archer Daniels Midland is outperforming the sector as a whole this year.
Another stock in the Consumer Staples sector, ARKO Corp. (ARKO - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 90.1%.
In ARKO Corp.'s case, the consensus EPS estimate for the current year increased 31.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Archer Daniels Midland is a member of the Agriculture - Operations industry, which includes 11 individual companies and currently sits at #108 in the Zacks Industry Rank. On average, this group has gained an average of 17.4% so far this year, meaning that ADM is performing better in terms of year-to-date returns.
ARKO Corp., however, belongs to the Consumer Products - Staples industry. Currently, this 35-stock industry is ranked #182. The industry has moved +1.9% so far this year.
Investors with an interest in Consumer Staples stocks should continue to track Archer Daniels Midland and ARKO Corp.. These stocks will be looking to continue their solid performance.