Wall Street analysts expect Archer Daniels Midland (ADM) to post quarterly earnings of $0.69 per share in its upcoming report, which indicates a year-over-year decline of 52.7%. Revenues are expected to be $20.69 billion, down 5.3% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 2.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific ADM metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Revenues- Other Business' should come in at $109.00 million.
Based on the collective assessment of analysts, 'Revenues- Carbohydrate Solutions' should arrive at $2.70 billion. The estimate indicates a change of +0.5% from the prior-year quarter.
It is projected by analysts that the 'Revenues- Ag Services and Oilseeds' will reach $16.07 billion. The estimate suggests a change of -6.7% year over year.
Analysts' assessment points toward 'Revenues from external customers- Ag Services and Oilseeds- Crushing' reaching $3.18 billion. The estimate indicates a year-over-year change of -4.3%.
Analysts forecast 'Revenues from external customers- Ag Services and Oilseeds- Refined Products and Other' to reach $2.36 billion. The estimate suggests a change of -12.4% year over year.
The consensus estimate for 'Revenues from external customers- Carbohydrate Solutions- Starches and Sweeteners' stands at $2.13 billion. The estimate suggests a change of -1.1% year over year.
Analysts predict that the 'Revenues from external customers- Nutrition- Human Nutrition' will reach $984.57 million. The estimate indicates a change of +12.9% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenues from external customers- Carbohydrate Solutions- Vantage Corn Processors' will likely reach $537.11 million. The estimate indicates a change of +1.9% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenues- Nutrition' of $1.85 billion. The estimate indicates a year-over-year change of +0.8%.
Analysts expect 'Revenues from external customers- Nutrition- Animal Nutrition' to come in at $866.70 million. The estimate suggests a change of -10.1% year over year.
The consensus among analysts is that 'Revenues from external customers- Ag Services and Oilseeds- Ag Services' will reach $10.80 billion. The estimate suggests a change of -3.6% year over year.
The average prediction of analysts places 'Processed volumes - Oilseeds' at 9,152.33 Kmt. The estimate compares to the year-ago value of 9,387 Kmt.
View all Key Company Metrics for ADM here>>>
Over the past month, ADM shares have recorded returns of -0.5% versus the Zacks S&P 500 composite's -0.7% change. Based on its Zacks Rank #4 (Sell), ADM will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Archer Daniels Midland Company (ADM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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