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 170 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 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 #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ADM's full-year earnings has moved 3.64% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ADM has returned about 13.60% since the start of the calendar year. Meanwhile, the Consumer Staples sector has returned an average of -10.98% 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 8 individual companies and currently sits at #106 in the Zacks Industry Rank. On average, this group has gained an average of 4.34% 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 in Consumer Staples stocks should continue to pay close attention to the company.