In the latest trading session, Adecoagro (AGRO) closed at $9.07, marking a +1.57% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.5% for the day. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.43%.
The producer of agricultural products and renewable energy's shares have seen an increase of 11.77% over the last month, surpassing the Consumer Staples sector's gain of 4.13% and the S&P 500's gain of 0.18%.
Analysts and investors alike will be keeping a close eye on the performance of Adecoagro in its upcoming earnings disclosure.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.22 per share and a revenue of $941.5 million, indicating changes of -89.11% and 0%, 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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, there's been a 55.13% rise in the Zacks Consensus EPS estimate. As of now, Adecoagro holds a Zacks Rank of #2 (Buy).
In terms of valuation, Adecoagro is presently being traded at a Forward P/E ratio of 7.38. Its industry sports an average Forward P/E of 14.54, so one might conclude that Adecoagro is trading at a discount comparatively.
The Agriculture - Operations industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 59, finds itself in the top 25% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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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