Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Is Archer Daniels Midland (ADM) one of those stocks right now? 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 170 companies in the Consumer Staples group. The Consumer Staples group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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).
The Zacks Consensus Estimate for ADM's full-year earnings has moved 3.36% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ADM has gained about 15.72% so far this year. Meanwhile, stocks in the Consumer Staples group have lost about 9.23% on average. As we can see, Archer Daniels Midland is performing better than its sector in the calendar year.
Looking more specifically, ADM belongs to the Agriculture - Operations industry, which includes 8 individual stocks and currently sits at #108 in the Zacks Industry Rank. This group has gained an average of 5.53% so far this year, so ADM is performing better in this area.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to ADM as it looks to continue its solid performance.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
