We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Why Archer Daniels Midland (ADM) Dipped More Than Broader Market Today
Read MoreHide Full Article
Archer Daniels Midland (ADM - Free Report) ended the recent trading session at $76.50, demonstrating a -1.95% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.22%. On the other hand, the Dow registered a loss of 0.98%, and the technology-centric Nasdaq decreased by 1.35%.
Shares of the agribusiness giant witnessed a loss of 1.73% over the previous month, trailing the performance of the Consumer Staples sector with its gain of 1.54%, and the S&P 500's gain of 1.56%.
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 $1.29, up 38.71% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $22.51 billion, indicating a 6.35% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.54 per share and revenue of $85.44 billion, which would represent changes of +32.36% and +6.45%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Archer Daniels Midland. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Archer Daniels Midland is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, Archer Daniels Midland is currently trading at a Forward P/E ratio of 17.2. This represents a premium compared to its industry average Forward P/E of 14.48.
The Agriculture - Operations industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 107, which puts it in the top 44% of all 250+ industries.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Why Archer Daniels Midland (ADM) Dipped More Than Broader Market Today
Archer Daniels Midland (ADM - Free Report) ended the recent trading session at $76.50, demonstrating a -1.95% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.22%. On the other hand, the Dow registered a loss of 0.98%, and the technology-centric Nasdaq decreased by 1.35%.
Shares of the agribusiness giant witnessed a loss of 1.73% over the previous month, trailing the performance of the Consumer Staples sector with its gain of 1.54%, and the S&P 500's gain of 1.56%.
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 $1.29, up 38.71% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $22.51 billion, indicating a 6.35% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.54 per share and revenue of $85.44 billion, which would represent changes of +32.36% and +6.45%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Archer Daniels Midland. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Archer Daniels Midland is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, Archer Daniels Midland is currently trading at a Forward P/E ratio of 17.2. This represents a premium compared to its industry average Forward P/E of 14.48.
The Agriculture - Operations industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 107, which puts it in the top 44% of all 250+ industries.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.