Uncovering Potential: Archer-Daniels Midland's Earnings Preview

Archer-Daniels Midland (NYSE:ADM) will release its quarterly earnings report on Tuesday, 2024-11-05. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Archer-Daniels Midland to report an earnings per share (EPS) of $1.42.

Anticipation surrounds Archer-Daniels Midland's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Historical Earnings Performance

The company's EPS missed by $0.25 in the last quarter, leading to a 0.78% drop in the share price on the following day.

Here's a look at Archer-Daniels Midland's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.28

1.36

1.43

1.52

EPS Actual

1.03

1.46

1.36

1.63

Price Change %

-1.0%

-0.0%

2.0%

2.0%

Tracking Archer-Daniels Midland's Stock Performance

Shares of Archer-Daniels Midland were trading at $54.64 as of November 01. Over the last 52-week period, shares are down 23.39%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Analysts' Perspectives on Archer-Daniels Midland

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Archer-Daniels Midland.

Analysts have provided Archer-Daniels Midland with 1 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands ...