In the latest trading session, Archer Daniels Midland (ADM - Free Report) closed at $45.59, marking a -0.15% move from the previous day. This change lagged the S&P 500's daily gain of 0.3%. At the same time, the Dow 0%, and the tech-heavy Nasdaq gained 0.92%.
Heading into today, shares of the agribusiness giant had lost 6.93% over the past month, lagging the Consumer Staples sector's loss of 1.45% and the S&P 500's loss of 4.37% in that time.
Investors will be hoping for strength from ADM as it approaches its next earnings release, which is expected to be February 5, 2019. On that day, ADM is projected to report earnings of $0.92 per share, which would represent year-over-year growth of 12.2%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.45 billion, up 8.6% from the year-ago period.
ADM's full-year Zacks Consensus Estimates are calling for earnings of $3.53 per share and revenue of $64.83 billion. These results would represent year-over-year changes of +45.27% and +6.58%, respectively.
Any recent changes to analyst estimates for ADM should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Within the past 30 days, our consensus EPS projection has moved 2.65% higher. ADM is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note ADM's current valuation metrics, including its Forward P/E ratio of 12.95. This valuation marks a discount compared to its industry's average Forward P/E of 19.69.
The Agriculture - Operations industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 104, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.