Yahoo Finance Adecoagro (AGRO) Stock Drops Despite Market Gains: Important Facts to Note
Adecoagro (AGRO) closed the most recent trading day at $10.65, moving -1.21% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.03%. On the other hand, the Dow registered a gain of 0.41%, and the technology-centric Nasdaq increased by 0.12%.
The producer of agricultural products and renewable energy's shares have seen an increase of 2.37% over the last month, surpassing the Consumer Staples sector's loss of 4.27% and the S&P 500's loss of 0.9%.
Market participants will be closely following the financial results of Adecoagro in its upcoming release.
AGRO's full-year Zacks Consensus Estimates are calling for earnings of $1.69 per share and revenue of $1.36 billion. These results would represent year-over-year changes of +16.55% and +4.53%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Adecoagro. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 4.66% rise in the Zacks Consensus EPS estimate. Adecoagro presently features a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Adecoagro is currently trading at a Forward P/E ratio of 6.4. This valuation marks a discount compared to its industry's average Forward P/E of 21.23.
The Agriculture - Operations industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 221, finds itself in the bottom 13% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Adecoagro S.A. (AGRO) : Free Stock Analysis Report
