Adecoagro (AGRO) closed the most recent trading day at $7.68, moving -2.04% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.34%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw an increase of 0.42%.
Shares of the producer of agricultural products and renewable energy witnessed a loss of 6.33% over the previous month, trailing the performance of the Consumer Staples sector with its loss of 3.82%, and the S&P 500's gain of 3.54%.
The investment community will be closely monitoring the performance of Adecoagro in its forthcoming earnings report.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.4 per share and a revenue of $1.35 billion, indicating changes of -80.2% and -11.27%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Adecoagro. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Adecoagro is carrying a Zacks Rank of #4 (Sell).
Investors should also note Adecoagro's current valuation metrics, including its Forward P/E ratio of 19.85. This valuation marks a premium compared to its industry average Forward P/E of 15.07.
The Agriculture - Operations industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 163, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Adecoagro S.A. (AGRO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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