The most recent trading session ended with Adecoagro (AGRO) standing at $9.18, reflecting a -1.71% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.63%. On the other hand, the Dow registered a gain of 0.21%, and the technology-centric Nasdaq increased by 1.52%.
Prior to today's trading, shares of the producer of agricultural products and renewable energy had lost 17.78% over the past month. This has lagged the Consumer Staples sector's loss of 0.16% and the S&P 500's loss of 0.7% in that time.
The investment community will be closely monitoring the performance of Adecoagro in its forthcoming earnings report.
AGRO's full-year Zacks Consensus Estimates are calling for earnings of $0.96 per share and revenue of $1.39 billion. These results would represent year-over-year changes of -52.48% and -8.47%, respectively.
It is also important to note the recent changes to analyst estimates for Adecoagro. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 19.41% lower. Adecoagro is currently a Zacks Rank #3 (Hold).
Looking at valuation, Adecoagro is presently trading at a Forward P/E ratio of 9.78. This signifies a discount in comparison to the average Forward P/E of 14.77 for its industry.
The Agriculture - Operations industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 149, which puts it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many 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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