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? Let's take a closer look at the stock's year-to-date performance to find out.
Archer Daniels Midland is one of 186 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #10 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the 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 16.37% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, ADM has gained about 15.26% so far this year. At the same time, Consumer Staples stocks have gained an average of 5.80%. This shows that Archer Daniels Midland is outperforming its peers so far this year.
Breaking things down more, ADM is a member of the Agriculture - Operations industry, which includes 12 individual companies and currently sits at #238 in the Zacks Industry Rank. On average, this group has gained an average of 2.84% so far this year, meaning that ADM is performing better in terms of year-to-date returns.
ADM will likely be looking to continue its solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to the company.
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