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Archer Daniels Midland (ADM) Gains But Lags Market: What You Should Know
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Archer Daniels Midland (ADM - Free Report) closed the most recent trading day at $44.69, moving +1.09% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.56%. Meanwhile, the Dow gained 1.77%, and the Nasdaq, a tech-heavy index, added 2.2%.
Coming into today, shares of the agribusiness giant had gained 7.91% in the past month. In that same time, the Consumer Staples sector gained 3.89%, while the S&P 500 gained 6.41%.
Wall Street will be looking for positivity from ADM as it approaches its next earnings report date. This 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%. Our most recent consensus estimate is calling for quarterly revenue of $17.10 billion, up 6.39% from the year-ago period.
It is also important to note the recent changes to analyst estimates for ADM. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 0.21% higher. ADM currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, ADM currently has a Forward P/E ratio of 12.23. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 12.23.
The Agriculture - Operations industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 33, putting it in the top 13% 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.
To follow ADM in the coming trading sessions, be sure to utilize Zacks.com.
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Archer Daniels Midland (ADM) Gains But Lags Market: What You Should Know
Archer Daniels Midland (ADM - Free Report) closed the most recent trading day at $44.69, moving +1.09% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.56%. Meanwhile, the Dow gained 1.77%, and the Nasdaq, a tech-heavy index, added 2.2%.
Coming into today, shares of the agribusiness giant had gained 7.91% in the past month. In that same time, the Consumer Staples sector gained 3.89%, while the S&P 500 gained 6.41%.
Wall Street will be looking for positivity from ADM as it approaches its next earnings report date. This 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%. Our most recent consensus estimate is calling for quarterly revenue of $17.10 billion, up 6.39% from the year-ago period.
It is also important to note the recent changes to analyst estimates for ADM. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 0.21% higher. ADM currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, ADM currently has a Forward P/E ratio of 12.23. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 12.23.
The Agriculture - Operations industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 33, putting it in the top 13% 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.
To follow ADM in the coming trading sessions, be sure to utilize Zacks.com.