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Archer Daniels Midland (ADM) Laps the Stock Market: Here's Why
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In the latest close session, Archer Daniels Midland (ADM - Free Report) was up +1.48% at $77.93. The stock's performance was ahead of the S&P 500's daily gain of 0.72%. On the other hand, the Dow registered a gain of 0.3%, and the technology-centric Nasdaq increased by 1.12%.
The agribusiness giant's shares have seen a decrease of 5.1% over the last month, not keeping up with the Consumer Staples sector's gain of 5.91% and the S&P 500's loss of 0.9%.
The investment community will be closely monitoring the performance of Archer Daniels Midland in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.29, reflecting a 38.71% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $22.51 billion, indicating a 6.35% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.67 per share and a revenue of $85.44 billion, indicating changes of +36.15% and +6.45%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Archer Daniels Midland. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.79% higher within the past month. Right now, Archer Daniels Midland possesses a Zacks Rank of #1 (Strong Buy).
With respect to valuation, Archer Daniels Midland is currently being traded at a Forward P/E ratio of 16.44. This represents a premium compared to its industry average Forward P/E of 13.28.
The Agriculture - Operations industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 107, positioning it in the top 44% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Archer Daniels Midland (ADM) Laps the Stock Market: Here's Why
In the latest close session, Archer Daniels Midland (ADM - Free Report) was up +1.48% at $77.93. The stock's performance was ahead of the S&P 500's daily gain of 0.72%. On the other hand, the Dow registered a gain of 0.3%, and the technology-centric Nasdaq increased by 1.12%.
The agribusiness giant's shares have seen a decrease of 5.1% over the last month, not keeping up with the Consumer Staples sector's gain of 5.91% and the S&P 500's loss of 0.9%.
The investment community will be closely monitoring the performance of Archer Daniels Midland in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.29, reflecting a 38.71% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $22.51 billion, indicating a 6.35% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.67 per share and a revenue of $85.44 billion, indicating changes of +36.15% and +6.45%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Archer Daniels Midland. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.79% higher within the past month. Right now, Archer Daniels Midland possesses a Zacks Rank of #1 (Strong Buy).
With respect to valuation, Archer Daniels Midland is currently being traded at a Forward P/E ratio of 16.44. This represents a premium compared to its industry average Forward P/E of 13.28.
The Agriculture - Operations industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 107, positioning it in the top 44% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.