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Adecoagro (AGRO) ended the recent trading session at $8.61, demonstrating a -0.69% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.44%. On the other hand, the Dow registered a gain of 0.7%, and the technology-centric Nasdaq increased by 0.27%.
Coming into today, shares of the producer of agricultural products and renewable energy had lost 17.11% in the past month. In that same time, the Consumer Staples sector gained 2.41%, while the S&P 500 gained 10.62%.
The investment community will be paying close attention to the earnings performance of Adecoagro in its upcoming release.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.96 per share and a revenue of $1.39 billion, signifying shifts of -52.48% and -8.47%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Adecoagro. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 19.41% lower within the past month. Right now, Adecoagro possesses a Zacks Rank of #3 (Hold).
Investors should also note Adecoagro's current valuation metrics, including its Forward P/E ratio of 9.08. This valuation marks a discount compared to its industry's average Forward P/E of 14.21.
The Agriculture - Operations industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the 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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