In the latest close session, Archer Daniels Midland (ADM) was down 1.25% at $82.34. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, added 0.45%.
The stock of agribusiness giant has risen by 6.68% in the past month, leading the Consumer Staples sector's loss of 3.8% and the S&P 500's gain of 1.27%.
Investors will be eagerly watching for the performance of Archer Daniels Midland in its upcoming earnings disclosure. In that report, analysts expect Archer Daniels Midland to post earnings of $1.53 per share. This would mark year-over-year growth of 66.3%. In the meantime, our current consensus estimate forecasts the revenue to be $21.85 billion, indicating a 7.24% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.22 per share and revenue of $85.55 billion. These totals would mark changes of +52.19% and +6.58%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Archer Daniels Midland. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in es...