Earnings Preview: Archer Daniels

Nov. 1.10 | About: Archer Daniels (ADM)

Archer Daniels (NYSE:ADM) is expected to report Q1 earnings on Tuesday, November 2 with a conference call scheduled for 9:30 am ET.

Guidance

Analysts are looking for EPS of 75c on revenue of $15.66B. The consensus range is 67c-81c for EPS, and $14.47B-$16.04B for revenue, according to First Call. The company reported mixed Q2 results, beating EPS estimates, but falling short on revenue expectations.

Analyst Views

Archer Daniels had been downgraded to Neutral from Outperform at Credit Suisse, to Market Perform From Outperform at BMO Capital, and to Hold from Buy at Deutsche Bank and Standpoint Research. Reasons for the downgrades have included valuation, reduced baybacks, and reduced pricing power. Archer Daniels recently hired former General Motor CEO Ray Young; he will assume the CFO role on December 1.