Adecoagro (AGRO) Advances While Market Declines: Some Information for Investors

Adecoagro (AGRO) closed the latest trading day at $11.77, indicating a +0.77% change from the previous session's end. This change outpaced the S&P 500's 0.03% loss on the day. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq added 0.56%.Prior to today's trading, shares of the producer of agricultural products and renewable energy had gained 0.6% over the past month. This has outpaced the Consumer Staples sector's loss of 2.17% and lagged the S&P 500's gain of 1.39% in that time.The investment community will be closely monitoring the performance of Adecoagro in its forthcoming earnings report. The company is scheduled to release its earnings on November 13, 2024.Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.68 per share and revenue of $1.49 billion, indicating changes of +15.86% and +14.41%, respectively, compared to the previous year.Investors should also pay attention to any latest changes in analyst estimates for Adecoagro. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research suggests that these changes in estimates have a direct relationship with upcoming 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 last 30 days, the Zacks Consensus EPS estimate has moved 8.39% higher. Adecoagro presently features a Zacks Rank of #3 (Hold).In the context of valuation, Adecoagro is at present trading with a Forward P/E ratio of 6.95. For comparison, its industry has an average Forward P/E of 22.8, which means Adecoagro is trading at a discount to the group.We can additionally observe that AGRO currently boasts a PEG ratio of 1.12. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Agriculture - Operations stocks are, on average, holding a PEG ratio of 1.75 based on yesterday's closing prices.The Agriculture - Operations industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 148, placing it within the bottom 42% of over 250 industries.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.7% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Adecoagro S.A. (AGRO): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks