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Archer Daniels Midland (ADM) Declines More Than Market: Some Information for Investors
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Archer Daniels Midland (ADM - Free Report) closed the most recent trading day at $75.08, moving -1% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.1%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.43%.
Coming into today, shares of the agribusiness giant had lost 2.78% in the past month. In that same time, the Consumer Staples sector lost 0.72%, while the S&P 500 lost 1.34%.
Analysts and investors alike will be keeping a close eye on the performance of Archer Daniels Midland in its upcoming earnings disclosure. On that day, Archer Daniels Midland is projected to report earnings of $1.29 per share, which would represent year-over-year growth of 38.71%. At the same time, our most recent consensus estimate is projecting a revenue of $22.51 billion, reflecting a 6.35% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.54 per share and a revenue of $85.44 billion, signifying shifts of +32.36% and +6.45%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Archer Daniels Midland. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Archer Daniels Midland is carrying a Zacks Rank of #2 (Buy).
In the context of valuation, Archer Daniels Midland is at present trading with a Forward P/E ratio of 16.72. This signifies a premium in comparison to the average Forward P/E of 14.58 for its industry.
The Agriculture - Operations industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 110, putting it in the top 46% 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
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Archer Daniels Midland (ADM) Declines More Than Market: Some Information for Investors
Archer Daniels Midland (ADM - Free Report) closed the most recent trading day at $75.08, moving -1% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.1%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.43%.
Coming into today, shares of the agribusiness giant had lost 2.78% in the past month. In that same time, the Consumer Staples sector lost 0.72%, while the S&P 500 lost 1.34%.
Analysts and investors alike will be keeping a close eye on the performance of Archer Daniels Midland in its upcoming earnings disclosure. On that day, Archer Daniels Midland is projected to report earnings of $1.29 per share, which would represent year-over-year growth of 38.71%. At the same time, our most recent consensus estimate is projecting a revenue of $22.51 billion, reflecting a 6.35% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.54 per share and a revenue of $85.44 billion, signifying shifts of +32.36% and +6.45%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Archer Daniels Midland. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Archer Daniels Midland is carrying a Zacks Rank of #2 (Buy).
In the context of valuation, Archer Daniels Midland is at present trading with a Forward P/E ratio of 16.72. This signifies a premium in comparison to the average Forward P/E of 14.58 for its industry.
The Agriculture - Operations industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 110, putting it in the top 46% 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.