ADM Stock Underperforms as Weak Agriculture Sector Drags on Earnings Outlook
• Archer Daniels Midland (ADM) stock closed up 0.66% on the day, outperforming the S&P 500 (up 0.57%) and the Dow (down 0.14%) • ADM stock has lagged the market over the past month, down 24.14% vs a 5.07% gain for the S&P 500 • ADM is expected to report a 24.87% drop in Q4 EPS to $1.45 on a 9.83% revenue decline to $23.65 billion • ADM has a Zacks Rank of #5 (Strong Sell), indicating negative estimate revisions and poor near-term business trends • The Agriculture - Operations industry ranks in the bottom 9% of over 250 industries, suggesting continued underperformance relative to other sectors