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Is Archer Daniels Midland (ADM) Stock Outpacing Its Consumer Staples Peers This Year?

Zacks Equity Research
Updated
MEET vs. WDAY: Which Stock Is the Better Value Option?

Investors focused on the Consumer Staples space have likely heard of Archer Daniels Midland (ADM), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.

Archer Daniels Midland is one of 152 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ADM is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for ADM's full-year earnings has moved 10.17% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

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According to our latest data, ADM has moved about 23% on a year-to-date basis. In comparison, Consumer Staples companies have returned an average of -10.93%. This shows that Archer Daniels Midland is outperforming its peers so far this year.

Looking more specifically, ADM belongs to the Agriculture - Operations industry, a group that includes 6 individual stocks and currently sits at #177 in the Zacks Industry Rank. This group has gained an average of 12.15% so far this year, so ADM is performing better in this area.

ADM will likely be looking to continue its solid performance, so investors interested Consumer Staples stocks should continue to pay close attention to the company.


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Zacks Investment Research