Archer-Daniels-Midland Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Archer-Daniels-Midland Company (ADM) is set to release its Q4 financial results on March 12, 2024, with analysts forecasting a decrease in earnings per share to $1.43 from $1.93 year-over-year and a revenue drop to $23.64 billion from $26.23 billion. Following a Q3 sales miss, ADM's stock gained 1%. Analysts from Goldman Sachs, Stifel, Barclays, BMO Capital, and Baird have revised their ratings and price targets for ADM, reflecting a cautious outlook.
March 11, 2024 | 8:56 am
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Archer-Daniels-Midland is anticipated to report decreased earnings and revenue for Q4. Analysts have revised ratings and price targets, indicating a cautious outlook.
The expected decrease in earnings and revenue for Q4, combined with the recent adjustments in analyst ratings and price targets, suggests a cautious or negative outlook for ADM's stock in the short term. The consensus among analysts indicates concerns about ADM's performance, which could lead to a decrease in stock price following the earnings announcement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100