ADM Stock Continues Underperformance on Weak Outlook
• Archer Daniels Midland (ADM) stock fell 1.22% on the day, underperforming the broader market • Shares are down 21% over the past month compared to gains for the S&P 500 and sector • ADM is expected to report lower EPS of $1.45 next quarter, down 25% year-over-year • Analyst estimates for ADM have moved 9.45% lower recently, contributing to a Zacks Rank of Strong Sell • The Agriculture industry ranks in the bottom 7% of Zacks Industries, underperforming the market