Archer-Daniels-Midland Co reports results for the quarter ended June 30 - Earnings Summary

• Archer-Daniels-Midland Co ADM.N reported quarterly adjusted earnings of 93 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.03. The mean expectation of nine analysts for the quarter was for earnings of 83 cents per share. Wall Street expected results to range from 69 cents to $1.06 per share.

• Revenue fell 4.9% to $21.17 billion from a year ago; analysts expected $21.69 billion.

• Archer-Daniels-Midland Co's reported EPS for the quarter was 45 cents​.

• The company reported quarterly net income of $219 million.

• Archer-Daniels-Midland Co shares had risen by 3.0% this quarter and gained 7.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.1% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 9 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the food processing peer group is "buy."

• Wall Street's median 12-month price target for Archer-Daniels-Midland Co is $50.00, about 8.7% below its last closing price of $54.36

This summary was machine generated from LSEG data August 5 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)