Archer Daniels Midland (NYSE:ADM) Releases Quarterly Earnings Results, Beats Expectations By $0.17 EPS

Archer Daniels Midland (NYSE:ADM) posted its quarterly earnings data on Tuesday. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.17, Zacks reports. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The company had revenue of $22.34 billion during the quarter, compared to analysts’ expectations of $23.27 billion. During the same period in the prior year, the company posted $0.92 earnings per share. Archer Daniels Midland’s revenue for the quarter was up 9.6% compared to the same quarter last year.

Here are the key takeaways from Archer Daniels Midland’s conference call:

• ADM raised its 2026 adjusted EPS guidance to $5.50–$5.80 from $5.15–$5.60, following third-quarter adjusted EPS of $1.77 and a 64% year-over-year increase in segment operating profit.
• Strong North American biofuels economics drove major gains in Crushing, Refined Products and Ethanol, supported by favorable RVO policy incentives, elevated energy prices and solid soybean meal demand. Management expects the constructive biofuels environment to continue into the fourth quarter and broadly into 2027.
• Nutrition showed improving momentum, particularly in Flavors and Animal Nutrition, while management expects Nutrition to grow in 2027. ADM also highlighted longer-term growth opportunities in precision fermentation, natural colors and carbon removal using existing assets and capabilities.
• ADM resumed share repurchases, buying back approximately $360 million of stock during the quarter, paid its 379th consecutive quarterly dividend and lowered expected 2026 capital expenditures to $1.2–$1.3 billion from $1.3–$1.5 billion.
• Fourth-quarter results are expected to face seasonal weakness in Flavors and ethanol, ongoing softness in liquid sweeteners, inflationary input costs and the ramp-up of a plant affected by unplanned downtime. A one-time $40–$50 million insurance-reserve benefit will also not recur, and 2027 remains subject to commodity-price, trade-policy and interest-rate volatility.

Archer Daniels Midland Price Performance

Shares of NYSE ADM opened at $70.06 on Wednesday. The firm has a market capitalization of $33.77 billion, a P/E ratio of 19.20, a P/E/G ratio of 2.29 and a beta of 0.63. The firm’s 50-day moving average price is $81.63 and its 200-day moving average price is $76.48. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Archer Daniels Midland has a 1-year low of $55.58 and a 1-year high of $88.75.

Archer Daniels Midland News Roundup

Here are the key news stories impacting Archer Daniels Midland this week:

• Positive Sentiment: Adjusted Q3 earnings were $1.77 per share, above analyst expectations of about $1.60, while adjusted net earnings reached $858 million. Profitability benefited from stronger processing and crushing margins and biofuel performance. Reuters report
• Positive Sentiment: ADM raised its 2026 adjusted EPS forecast to approximately $5.50–$5.80, from $5.15–$5.60. The higher outlook suggests management expects improved earnings to continue. ADM results and outlook
• Positive Sentiment: U.S. biofuels policy and stronger biofuel margins were cited as supports for quarterly profit, providing a potential tailwind for ADM’s processing business. MarketWatch article
• Negative Sentiment: Revenue was $22.34 billion, below analysts’ $23.27 billion estimate, despite rising 9.6% year over year. The sales miss may temper the positive earnings reaction. Revenue report

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ADM. Zacks Research downgraded Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Jefferies Financial Group lifted their price objective on Archer Daniels Midland from $88.00 to $89.00 in a research report on Monday, October 19th. Stephens boosted their price objective on Archer Daniels Midland from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Wall Street Zen upgraded Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Morgan Stanley raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Archer Daniels Midland has a consensus rating of “Hold” and a consensus price target of $81.50.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and producers with markets worldwide by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company processes oilseeds, corn, wheat and other crops into ingredients and products used in food and beverages, animal nutrition, renewable fuels and industrial applications. Its offerings include vegetable oils, protein meals, sweeteners, starches, flour, food ingredients, animal feed ingredients and biofuels, as well as specialty ingredients developed through its nutrition businesses.

ADM operates an integrated network of agricultural facilities, processing plants, transportation assets and commercial offices serving customers across North America, South America, Europe, Asia and other international markets.