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Adecoagro (AGRO) Ascends While Market Falls: Some Facts to Note
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Adecoagro (AGRO - Free Report) ended the recent trading session at $8.25, demonstrating a +1.85% change from the preceding day's closing price. This change outpaced the S&P 500's 0.29% loss on the day. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw a decrease of 0.34%.
The producer of agricultural products and renewable energy's stock has dropped by 3.91% in the past month, falling short of the Consumer Staples sector's loss of 3.74% and the S&P 500's gain of 3.08%.
The investment community will be closely monitoring the performance of Adecoagro in its forthcoming earnings report.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.4 per share and revenue of $1.35 billion. These totals would mark changes of -80.2% and -11.27%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Adecoagro. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Adecoagro is currently sporting a Zacks Rank of #4 (Sell).
In the context of valuation, Adecoagro is at present trading with a Forward P/E ratio of 20.51. For comparison, its industry has an average Forward P/E of 15.26, which means Adecoagro is trading at a premium to the group.
The Agriculture - Operations industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 159, which puts it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Adecoagro (AGRO) Ascends While Market Falls: Some Facts to Note
Adecoagro (AGRO - Free Report) ended the recent trading session at $8.25, demonstrating a +1.85% change from the preceding day's closing price. This change outpaced the S&P 500's 0.29% loss on the day. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw a decrease of 0.34%.
The producer of agricultural products and renewable energy's stock has dropped by 3.91% in the past month, falling short of the Consumer Staples sector's loss of 3.74% and the S&P 500's gain of 3.08%.
The investment community will be closely monitoring the performance of Adecoagro in its forthcoming earnings report.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.4 per share and revenue of $1.35 billion. These totals would mark changes of -80.2% and -11.27%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Adecoagro. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Adecoagro is currently sporting a Zacks Rank of #4 (Sell).
In the context of valuation, Adecoagro is at present trading with a Forward P/E ratio of 20.51. For comparison, its industry has an average Forward P/E of 15.26, which means Adecoagro is trading at a premium to the group.
The Agriculture - Operations industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 159, which puts it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.