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Archer Daniels Midland (ADM) Stock Moves -0.63%: What You Should Know
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In the latest trading session, Archer Daniels Midland (ADM - Free Report) closed at $78.88, marking a -0.63% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.64%. Elsewhere, the Dow lost 1.08%, while the tech-heavy Nasdaq lost 1.82%.
Prior to today's trading, shares of the agribusiness giant had lost 2.16% over the past month. This has lagged the Consumer Staples sector's loss of 1.32% and the S&P 500's gain of 0.89% in that time.
Archer Daniels Midland will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.55, down 16.67% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $23.67 billion, down 4.12% from the year-ago period.
ADM's full-year Zacks Consensus Estimates are calling for earnings of $7.18 per share and revenue of $98.03 billion. These results would represent year-over-year changes of -8.54% and -3.74%, respectively.
It is also important to note the recent changes to analyst estimates for Archer Daniels Midland. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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 0.04% higher. Archer Daniels Midland currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Archer Daniels Midland is holding a Forward P/E ratio of 11.06. For comparison, its industry has an average Forward P/E of 15.59, which means Archer Daniels Midland is trading at a discount to the group.
It is also worth noting that ADM currently has a PEG ratio of 1.73. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Agriculture - Operations was holding an average PEG ratio of 1.18 at yesterday's closing price.
The Agriculture - Operations industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 112, putting it in the top 45% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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Archer Daniels Midland (ADM) Stock Moves -0.63%: What You Should Know
In the latest trading session, Archer Daniels Midland (ADM - Free Report) closed at $78.88, marking a -0.63% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.64%. Elsewhere, the Dow lost 1.08%, while the tech-heavy Nasdaq lost 1.82%.
Prior to today's trading, shares of the agribusiness giant had lost 2.16% over the past month. This has lagged the Consumer Staples sector's loss of 1.32% and the S&P 500's gain of 0.89% in that time.
Archer Daniels Midland will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.55, down 16.67% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $23.67 billion, down 4.12% from the year-ago period.
ADM's full-year Zacks Consensus Estimates are calling for earnings of $7.18 per share and revenue of $98.03 billion. These results would represent year-over-year changes of -8.54% and -3.74%, respectively.
It is also important to note the recent changes to analyst estimates for Archer Daniels Midland. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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 0.04% higher. Archer Daniels Midland currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Archer Daniels Midland is holding a Forward P/E ratio of 11.06. For comparison, its industry has an average Forward P/E of 15.59, which means Archer Daniels Midland is trading at a discount to the group.
It is also worth noting that ADM currently has a PEG ratio of 1.73. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Agriculture - Operations was holding an average PEG ratio of 1.18 at yesterday's closing price.
The Agriculture - Operations industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 112, putting it in the top 45% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.