Brace yourselves for the unveiling of Archer-Daniels-Midland Company's (NYSE: ADM) third quarter financial results on Tuesday 5th November 2024. This eagerly awaited announcement will take place before market open.
Financial experts on Wall Street anticipate that the establishment is set to announce an estimated $1.24 profit per share for the quarter. Furthermore, the company is expected to disclose a total revenue of $21.34 billion for this specific period.
The forecasts for the company's annual performance have been disclosed by Wall Street analysts, with an estimated total revenue of $87.68 billion. In addition, they anticipate the company to report profit of $5.23 per share for the fiscal year.
The per-share income of $1.63 was highlighted in the company's earnings report for the same quarter of the prior year. This notable figure was achieved due to the company's impressive total revenue of $21.7 billion recorded during that specific period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $1.03 | -45.5% | 22.25 B | -11.7% |
| Q1 2024 | $1.46 | -30.1% | 21.85 B | -9.2% |
| Q4 2023 | $1.36 | -29.5% | 22.98 B | -12.4% |
| Q3 2023 | $1.63 | -12.4% | 21.70 B | -12.1% |
| Q2 2023 | $1.89 | -12.1% | 25.19 B | -7.7% |
| *Growth on year-over-year basis | ||||
ADM will host a conference call with investment community on 5th November 2024 at 10:00 AM eastern time to discuss the financial results.
During Friday's trading, Archer-Daniels-Midland Company (ADM) shares reached a low of $54.57 and a high of $55.75, along with a total volume of 1.67 million shares. The stock ended the regular trading session at $54.64, showing drop of 1.03 percent.
