Archer Daniels Midland (NYSE: ADM ) is expected to report Q1 earnings on Oct. 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Archer Daniels Midland's revenues will shrink -0.3% and EPS will decrease -29.0%.
The average estimate for revenue is $21.83 billion. On the bottom line, the average EPS estimate is $0.49.
Last quarter, Archer Daniels Midland reported revenue of $22.68 billion. GAAP reported sales were 0.9% lower than the prior-year quarter's $22.87 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.38. GAAP EPS of $0.43 for Q4 were 26% lower than the prior-year quarter's $0.58 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 3.6%, 120 basis points worse than the prior-year quarter. Operating margin was 1.8%, 120 basis points worse than the prior-year quarter. Net margin was 1.3%, 40 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $92.64 billion. The average EPS estimate is $2.40.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Archer Daniels Midland is hold, with an average price target of $34.71.
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