This story originally appeared on Zacks
In the latest trading session, Archer Daniels Midland (ADM) closed at $64.64, marking a +1.88% move from the previous day. This change outpaced the S&P 500’s 0.91% loss on the day. At the same time, the Dow lost 0.89%, and the tech-heavy Nasdaq gained 0.4%.
Prior to today’s trading, shares of the agribusiness giant had lost 3.76% over the past month. This has lagged the Consumer Staples sector’s loss of 0.35% and the S&P 500’s gain of 1.55% in that time.
Archer Daniels Midland will be looking to display strength as it nears its next earnings release. On that day, Archer Daniels Midland is projected to report earnings of $1.19 per share, which would represent a year-over-year decline of 1.65%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $19.88 billion,…