Archer-Daniels-Midland Full Year 2022 Earnings: EPS Beats Expectations
Archer-Daniels-Midland (NYSE:ADM) Full Year 2022 Results
Key Financial Results
Revenue: US$101.8b (up 20% from FY 2021).
Net income: US$4.34b (up 60% from FY 2021).
Profit margin: 4.3% (up from 3.2% in FY 2021). The increase in margin was driven by higher revenue.
EPS: US$7.71 (up from US$4.80 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Archer-Daniels-Midland EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.8%.
Looking ahead, revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Food industry in the US are expected to grow by 2.5%.
Performance of the American Food industry.
The company's share price is broadly unchanged from a week ago.
Before you take the next step you should know about the 1 warning sign for Archer-Daniels-Midland that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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