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? One simple way to answer this question is to take a look at the year-to-date performance of ADM and the rest of the Consumer Staples group's stocks.
Archer Daniels Midland is one of 149 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. ADM is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ADM's full-year earnings has moved 5.18% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that ADM has returned about 21.56% since the start of the calendar year. Meanwhile, the Consumer Staples sector has returned an average of -9.63% on a year-to-date basis. This means that Archer Daniels Midland is outperforming the sector as a whole this year.
Breaking things down more, ADM is a member of the Agriculture - Operations industry, which includes 6 individual companies and currently sits at #102 in the Zacks Industry Rank. This group has gained an average of 10.80% so far this year, so ADM is performing better in this area.
ADM will likely be looking to continue its solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to the company.