Wall Street expects a year-over-year decline in earnings on lower revenues when Archer Daniels Midland (ADM) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the ...

Key Takeaways - Archer Daniels Midland (ADM) hired Monish Patolawala, the former CFO of 3M, as its new CFO, effective August 1 [1][2] - Patolawala's appointment comes as ADM faces a U S government investigation into accounting irregularities, including Justice Department subpoenas of its employees [1] - ADM's shares rose 0 7% following the announcement, while 3M's shares increased by about 1% [1] Previous ADM CFO Resignation - ADM's former CFO, Vikram Luthar, was placed on administrative leave in January and resigned in April following an internal investigation into the company's nutrition division [2] - The investigation was initiated after a voluntary document request by the SEC, leading ADM to revise six years of financial data in March [2] Patolawala's Background and Compensation - Patolawala's departure from 3M was anticipated by analysts after the company appointed Bill Brown as CEO in March [2] - At ADM, Patolawala will receive an initial annual base salary of $1 425 million [2] - Prior to 3M, Patolawala spent over two decades at General Electric, including five years as CFO of GE Healthcare, and currently serves on the board of Biogen [2]

Wall Street loves winners. They enjoy backing stocks that are rising and want to avoid stocks that are falling. Yet rarely do they place a sell rating on a stock.Whether it is because stocks generally go up over time and a rising tide lifts all boats, or they don’t want to miss out on potential fees earned from dealing with a stock sale or other corporate transaction, investors are rarely told to sell any stocks. Out of the thousand of companies that trade on the NYSE or Nasdaq stock exchanges only a few do ...

Archer Daniels Midland (ADM) closed at $60.16 in the latest trading session, marking a +1.11% move from the prior day. This change outpaced the S&P 500's 0.77% gain on the day. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 0.95%.Shares of the agribusiness giant witnessed a loss of 3.44% over the previous month, beating the performance of the Consumer Staples sector with its loss of 4.12% and underperforming the S&P 500's gain of 3.71%.The investment c ...

Archer Daniels Midland Company (ADM) continues to be troubled by the sluggishness across its Nutrition unit. This led to a year-over-year segment revenue dip of 0.9% in first-quarter 2024, following a year-over-year decline of 6.7% in the preceding quarter.Adjusted operating profit for the segment also fell by a significant 39% compared with the same period last year. Within this segment, human nutrition reported an operating profit of $76 million, down $62 million from the prior year due to unplanned downt ...

Company Performance - Archer Daniels Midland (ADM) closed at $61.95, reflecting a +1.11% change from the previous day, outperforming the S&P 500's daily gain of 0.26% [1] - Over the last month, ADM's shares decreased by 2.72%, underperforming the Consumer Staples sector's loss of 0.52% and the S&P 500's gain of 3.25% [1] - The upcoming earnings report is projected to show earnings per share (EPS) of $1.34, a 29.1% decrease year-over-year, with revenue expected at $23.47 billion, down 6.84% from the prior-year quarter [1] Annual Estimates - For the annual period, Zacks Consensus Estimates predict earnings of $5.61 per share and revenue of $89.61 billion, indicating declines of -19.63% and -4.61% respectively from the previous year [2] - Changes in analyst estimates for ADM are crucial as they reflect short-term business dynamics, with positive revisions seen as favorable for the company's outlook [2] Valuation and Industry Context - ADM currently has a Zacks Rank of 3 (Hold), with a Forward P/E ratio of 10.92, which is a discount compared to its industry's Forward P/E of 21.84 [3] - The Agriculture - Operations industry, part of the Consumer Staples sector, has a Zacks Industry Rank of 215, placing it in the bottom 15% of over 250 industries [3]

J. Michael Jones Investment Thesis While the Archer-Daniels-Midland (NYSE:ADM) nutrition accounting scandal proved to be a major setback to the human and animal nutrition company after they disclosed the likely corporate malfeasance early this year, I think the company is turning a corner. With this, I think shares remain cheap, setting up an interesting opportunity. The suspension (and now resignation) of their former CFO, Vikram Luthar, amid an internal probe into their accounting practices led to a 2 ...

The most recent trading session ended with Archer Daniels Midland (ADM) standing at $61.82, reflecting a -0.27% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.15%. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.17%.Heading into today, shares of the agribusiness giant had gained 2.99% over the past month, outpacing the Consumer Staples sector's gain of 0.37% and lagging the S&P 500's gain of 3.2% in that time.The inves ...

Investors in Archer-Daniels-Midland Company (ADM) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 21, 2024 $115.00 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. ...

Thomas Barwick Overview As a dividend investor, I am always on the lookout for a good deal to add to my annual dividend income total. I prefer to find companies that have a history of increasing their dividends year over year on a consistent basis. Potential candidates are companies that also have the potential to continue increasing their dividend payouts through higher levels of free cash flow. Lastly, I look for opportunities that trade at attractive valuation metrics and have good upside potential. ...