Shares of Archer-Daniels-Midland (ADM -5.06%) were moving lower Tuesday after the agricultural giant posted disappointing results in its fourth-quarter earnings report.
Archer Daniels reports lower y/y revenues in fourth-quarter 2024 due to a decline in sales across its Ag Services & Oilseeds segment.
Archer-Daniels-Midland Company (NYSE:ADM ) Q4 2024 Earnings Conference Call February 4, 2025 10:00 AM ET Company Participants Megan Britt - Vice President, Investor Relations Juan Luciano - Chair of the Board, and Chief Executive Officer Monish Patolawala - Executive Vice President, and Chief Financial Officer Conference Call Participants Tom Palmer - Citi Andrew Strelzik - BMO Ben Theurer - Barclays Heather Jones - Heather Jones Research Steven Haynes - Morgan Stanley Pooran Sharma - Stephens Manav Gupta - UBS Securities Salvator Tiano - Bank of America Operator Good morning, and welcome to ADM Fourth Quarter 2024 Earnings Conference Call. All lines have been placed on a listen-only mode to prevent any background noise.
Archer-Daniels-Midland (ADM), a leading global food processing and commodities trading corporation, released its fourth quarter 2024 earnings on Feb. 4. The company reported adjusted earnings per share (EPS) of $1.14, in line with Wall Street estimates.
Archer-Daniels-Midland (ADM) shares lost ground Tuesday when the producer of agricultural commodities posted weaker-than-expected results and said it would be eliminating jobs to cut costs on slumping oilseeds profits as concerns grow about the future of biofuels.
While the top- and bottom-line numbers for ADM (ADM) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Archer Daniels Midland (ADM) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $1.36 per share a year ago.
The company says 2025 guidance reflects “weaker” market view on biofuel and trade-policy turmoil.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for ADM (ADM), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
Global grain merchant Archer-Daniels-Midland will soon start laying off employees as part of a global effort to cut costs as low crop prices erode profit, three people briefed on the matter told Reuters on Friday.
Archer Daniels Midland (ADM) closed at $51.67 in the latest trading session, marking a +0.02% move from the prior day.