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Is Archer Daniels Midland (ADM) Stock Outpacing Its Consumer Staples Peers This Year?
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For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Archer Daniels Midland (ADM - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Archer Daniels Midland is one of 201 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Archer Daniels Midland 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 9.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, ADM has gained about 26.9% so far this year. Meanwhile, the Consumer Staples sector has returned an average of -12.5% on a year-to-date basis. As we can see, Archer Daniels Midland is performing better than its sector in the calendar year.
Another stock in the Consumer Staples sector, Conagra Brands (CAG - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 0.3%.
In Conagra Brands' case, the consensus EPS estimate for the current year increased 1.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Archer Daniels Midland belongs to the Agriculture - Operations industry, which includes 14 individual stocks and currently sits at #153 in the Zacks Industry Rank.
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Is Archer Daniels Midland (ADM) Stock Outpacing Its Consumer Staples Peers This Year?
For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Archer Daniels Midland (ADM - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Archer Daniels Midland is one of 201 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Archer Daniels Midland 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 9.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, ADM has gained about 26.9% so far this year. Meanwhile, the Consumer Staples sector has returned an average of -12.5% on a year-to-date basis. As we can see, Archer Daniels Midland is performing better than its sector in the calendar year.
Another stock in the Consumer Staples sector, Conagra Brands (CAG - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 0.3%.
In Conagra Brands' case, the consensus EPS estimate for the current year increased 1.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Archer Daniels Midland belongs to the Agriculture - Operations industry, which includes 14 individual stocks and currently sits at #153 in the Zacks Industry Rank.