Adecoagro (AGRO) closed the most recent trading day at $7.64, moving -3.05% from the previous trading session. This move lagged the S&P 500's daily loss of 1.17%. Meanwhile, the Dow lost 0.53%, and the Nasdaq, a tech-heavy index, lost 2.04%.
The producer of agricultural products and renewable energy's stock has climbed by 0.9% in the past month, exceeding the Consumer Staples sector's loss of 2.36% and lagging the S&P 500's gain of 2.12%.
Market participants will be closely following the financial results of Adecoagro in its upcoming release.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.35 per share and a revenue of $1.35 billion, indicating changes of -82.67% and -11.27%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Adecoagro. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 11.39% downward. Currently, Adecoagro is carrying a Zacks Rank of #4 (Sell).
In terms of valuation, Adecoagro is currently trading at a Forward P/E ratio of 22.51. This represents a premium compared to its industry average Forward P/E of 16.12.
The Agriculture - Operations industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 210, positioning it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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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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