What were Archer-Daniels-Midland's Q3 earnings?

ADM reported an adjusted EPS of $0.92, exceeding Wall Street's expectation of $0.89 for Q3.

How has ADM stock performed recently?

ADM stock slipped 9.2% from its 52-week high and declined 6.2% in the past three months, though it rose 25.6% over six months.

What is ADM's outlook for full-year earnings?

ADM expects full-year adjusted EPS to be in the range of $3.25 to $3.50.

Home / Business and Economy / ADM Stock Faces Headwinds Despite Q3 Beat

ADM Stock Faces Headwinds Despite Q3 Beat

10 Dec

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Summary

ADM's Q3 adjusted EPS exceeded expectations, but stock fell post-earnings.
The company's stock has underperformed a key sector index recently.
ADM's longer-term performance shows significant gains over six months.

ADM Stock Faces Headwinds Despite Q3 Beat

Archer-Daniels-Midland (ADM), a significant player in the agricultural commodities and ingredients sector, reported its third-quarter financial results. The company announced an adjusted earnings per share of $0.92, surpassing the analyst consensus of $0.89. Revenue for the quarter reached $20.4 billion, marking a 2.2% increase year-over-year. Despite these positive indicators, ADM's stock price saw a decline in the trading session following the earnings release.

Despite a recent dip from its 52-week high, ADM's stock has demonstrated resilience over longer periods. Over the past six months, shares saw a notable increase of 25.6%, outperforming the broader consumer staples sector. This sustained growth suggests underlying strength in the company's operations and market position. ADM continues to leverage its extensive processing and logistics network to manage diverse agricultural commodities.