Adecoagro (AGRO) Stock Declines While Market Improves: Some Information for Investors
Heading into today, shares of the producer of agricultural products and renewable energy had gained 4.41% over the past month, outpacing the Consumer Staples sector's gain of 1.1% and lagging the S&P 500's gain of 4.93%.
Investors will be eagerly watching for the performance of Adecoagro in its upcoming earnings disclosure.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.58 per share and a revenue of $1.35 billion, indicating changes of -71.29% and -11.27%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Adecoagro. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 30.54% fall in the Zacks Consensus EPS estimate. Adecoagro is holding a Zacks Rank of #4 (Sell) right now.
Looking at its valuation, Adecoagro is holding a Forward P/E ratio of 16.31. This represents no noticeable deviation compared to its industry average Forward P/E of 16.31.
The Agriculture - Operations industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 208, finds itself in the bottom 16% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Adecoagro S.A. (AGRO) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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