Adecoagro (AGRO) closed the newest buying and selling day at $11.77, indicating a +0.77% change from the earlier session’s finish. This transformation outpaced the S&P 500’s 0.03% loss on the day. Elsewhere, the Dow misplaced 0.61%, whereas the tech-heavy Nasdaq added 0.56%.
Previous to right now’s buying and selling, shares of the producer of agricultural merchandise and renewable power had gained 0.6% over the previous month. This has outpaced the Shopper Staples sector’s lack of 2.17% and lagged the S&P 500’s acquire of 1.39% in that point.
The funding neighborhood can be carefully monitoring the efficiency of Adecoagro in its forthcoming earnings report. The corporate is scheduled to launch its earnings on November 13, 2024.
Relating to the whole yr, the Zacks Consensus Estimates forecast earnings of $1.68 per share and income of $1.49 billion, indicating adjustments of +15.86% and +14.41%, respectively, in comparison with the earlier yr.
Buyers must also take note of any newest adjustments in analyst estimates for Adecoagro. Such current modifications often signify the altering panorama of near-term enterprise traits. As such, optimistic estimate revisions mirror analyst optimism in regards to the firm’s enterprise and profitability.
Our analysis means that these adjustments in estimates have a direct relationship with upcoming inventory worth efficiency. To take advantage of this, we have shaped the Zacks Rank, a quantitative mannequin that features these estimate adjustments and presents a viable ranking system.
The Zacks Rank system ranges from #1 (Sturdy Purchase) to #5 (Sturdy Promote). It has a exceptional, outside-audited observe file of success, with #1 shares delivering a median annual return of +25% since 1988. Over the past 30 days, the Zacks Consensus EPS estimate has moved 8.39% greater. Adecoagro presently incorporates a Zacks Rank of #3 (Maintain).
Within the context of valuation, Adecoagro is at current buying and selling with a Ahead P/E ratio of 6.95. For comparability, its business has a median Ahead P/E of twenty-two.8, which suggests Adecoagro is buying and selling at a reduction to the group.
We will moreover observe that AGRO at present boasts a PEG ratio of 1.12. This well-liked metric is just like the widely-known P/E ratio, with the distinction being that the PEG ratio additionally takes into consideration the corporate’s anticipated earnings progress charge. Agriculture – Operations shares are, on common, holding a PEG ratio of 1.75 based mostly on yesterday’s closing costs.
The Agriculture – Operations business is a part of the Shopper Staples sector. At current, this business carries a Zacks Trade Rank of 148, inserting it inside the backside 42% of over 250 industries.
The Zacks Trade Rank evaluates the ability of our distinct business teams by figuring out the common Zacks Rank of the person shares forming the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
Take into accout to depend on Zacks.com to observe all these stock-impacting metrics, and extra, within the succeeding buying and selling periods.
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Adecoagro S.A. (AGRO) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
