Investors focused on the Consumer Staples space have likely heard of Archer Daniels Midland (ADM - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.
Archer Daniels Midland is a member of our Consumer Staples group, which includes 176 different companies and currently sits at #16 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. ADM is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ADM's full-year earnings has moved 11.01% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ADM has gained about 25.42% so far this year. In comparison, Consumer Staples companies have returned an average of -8.31%. This means that Archer Daniels Midland is performing better than its sector in terms of year-to-date returns.
Looking more specifically, ADM belongs to the Agriculture - Operations industry, which includes 9 individual stocks and currently sits at #111 in the Zacks Industry Rank. On average, this group has gained an average of 14.02% so far this year, meaning that ADM is performing better in terms of year-to-date returns.
ADM will likely be looking to continue its solid performance, so investors interested Consumer Staples stocks should continue to pay close attention to the company.