Advertisement
UK markets closed

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     

  • AIM

    789.87
    +6.17 (+0.79%)
     

  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     

  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     

  • Bitcoin GBP

    48,703.04
    -1,398.65 (-2.79%)
     

  • CMC Crypto 200

    1,259.28
    -98.73 (-7.27%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • DOW

    39,512.84
    +125.08 (+0.32%)
     

  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     

  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     

  • DAX

    18,772.85
    +86.25 (+0.46%)
     

  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     
MONEY:

Best savings accounts that offer above inflation rates

How to earn the most interest on your savings

Archer Daniels (ADM) Lags Q3 Earnings Estimates, Stock Down

Zacks Equity Research
Updated

Archer Daniels Midland Company ADM, a leading player in the global food processing industry, released third-quarter 2017 results, wherein adjusted earnings of 45 cents per share lagged the Zacks Consensus Estimate of 55 cents and also plunged 23.7% from 59 cents per share earned in the year-ago quarter.

Archer-Daniels-Midland Company Price, Consensus and EPS Surprise

Archer-Daniels-Midland Company Price, Consensus and EPS Surprise | Archer-Daniels-Midland Company Quote

Earnings Estimate Revision: The Zacks Consensus Estimate for 2017 portrays a downtrend in the last seven days. However, if we look at Archer Daniels’ performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 6.8%.

Revenues: Archer Daniels generated net sales of $14,827 million, which declined 6.3% year over year and also missed the Zacks Consensus Estimate of $15,629 million.

Key Events: Archer Daniels returned $1.2 billion to shareholders in the first nine months of 2017, in the form of share repurchases and dividend payments.

Zacks Rank: Currently, Archer Daniels carries a Zacks Rank #3 (Hold), which is subject to change, based on the just released earnings results.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Stock Movement: Archer Daniels’ shares are down 2.1% during pre-market trading hours following the dismal third-quarter 2017 results.

ADVERTISEMENT

Check back later for our full write up on Archer Daniels’ earnings report!

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Archer-Daniels-Midland Company (ADM) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research