The most recent buying and selling session noticed Adecoagro (AGRO) ending at $11.36, denoting a -0.35% adjustment from its final day’s shut. The inventory exceeded the S&P 500, which registered a lack of 1.97% for the day. Elsewhere, the Dow misplaced 1.69%, whereas the tech-heavy Nasdaq misplaced 2.7%.
Shares of the producer of agricultural merchandise and renewable power have appreciated by 6.15% over the course of the previous month, outperforming the Shopper Staples sector’s achieve of 1.27% and the S&P 500’s lack of 2.79%.
The upcoming earnings launch of Adecoagro will likely be of nice curiosity to traders.
Wanting on the full yr, the Zacks Consensus Estimates recommend analysts expect earnings of $1.19 per share and income of $1.47 billion. These totals would mark modifications of -41.09% and -3.18%, respectively, from final yr.
Traders also needs to take note of any newest modifications in analyst estimates for Adecoagro. These latest revisions are likely to replicate the evolving nature of short-term enterprise traits. In consequence, we will interpret constructive estimate revisions as a superb signal for the corporate’s enterprise outlook.
Our analysis reveals that these estimate modifications are immediately correlated with near-term inventory costs. To take advantage of this, we have fashioned the Zacks Rank, a quantitative mannequin that features these estimate modifications and presents a viable ranking system.
The Zacks Rank system, operating from #1 (Robust Purchase) to #5 (Robust Promote), holds an admirable monitor document of superior efficiency, independently audited, with #1 shares contributing a mean annual return of +25% since 1988. During the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.42% lower. Adecoagro is at the moment sporting a Zacks Rank of #3 (Maintain).
From a valuation perspective, Adecoagro is at the moment exchanging arms at a Ahead P/E ratio of 9.62. This means a reduction in distinction to its trade’s Ahead P/E of 12.9.
The Agriculture – Operations trade is a part of the Shopper Staples sector. At current, this trade carries a Zacks Business Rank of 199, putting it throughout the backside 21% of over 250 industries.
The Zacks Business Rank evaluates the facility of our distinct trade teams by figuring out the common Zacks Rank of the person shares forming the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
Keep in mind to use Zacks.com to observe these and extra stock-moving metrics in the course of the upcoming buying and selling classes.
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Adecoagro S.A. (AGRO) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
