Chicago-based Archer-Daniels-Midland Company (ADM) engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions. With a market cap of $29.4 billion, the company’s operations span the Americas, Europe, and internationally. The farm products giant is expected to release its Q3 earnings on Tuesday, Oct. 22.
Ahead of the event, analysts expect Archer-Daniels-Midland to report a profit of $1.38 per share, down 15.3% from $1.63 per share reported in the year-ago quarter. The company has surpassed Wall Street’s EPS projections twice over the past four quarters while missing the estimates on two other occasions. Its EPS for the last reported quarter declined by 45.5% year-over-year to $1.03 and missed the consensus estimates by 16.3%.
