Archer-Daniels Midland's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Archer-Daniels Midland (NYSE:ADM) is expected to report an EPS of $1.43 in its upcoming quarterly earnings on 2024-03-12. Historically, ADM has surpassed EPS estimates, leading to positive stock price movements. However, shares have declined by 30.46% over the last year, indicating bearish sentiment among long-term shareholders.
March 11, 2024 | 3:00 pm
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Archer-Daniels Midland is anticipated to announce an EPS of $1.43 for the upcoming quarter. Historical performance shows positive stock movement post-earnings beat, but shares have significantly declined over the past year.
While ADM has a history of beating EPS estimates, which typically leads to positive stock price movements, the overall 30.46% decline in share price over the past year suggests a bearish outlook. The upcoming earnings report could sway investor sentiment, but the significant past decline indicates underlying challenges that may not be fully mitigated by a positive earnings report.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100