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Energy

Archer-Daniels-Midland Set For Earnings (ADM, VSE, PEIX, AVR)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published

On Monday, we’ll get to see earnings out of Archer-Daniels-Midland Co. (NYSE:ADM). The estimates from First Call for the agriculture giant are $0.74 EPS on $12.65 Billion in revenues.  Estimates for fiscal June 2008 are $2.70 EPS on $52.27 billion in revenues.

Analysts have an average price target of $47. If Friday’s closing prices are any indicator and if the earnings were coming out immediately, it appears that options traders would be pricing in a move of up to $2.00 in either direction.

We’ve covered this one before, although we were skeptical of any buyout rumor.  We still are, although a buyer would have done well in the stock. As a $29 Billion company and one of the larger beneficiaries of ethanol, we’d be watching some of the other ethanol stocks like Andersons Inc (NASDAQ: ANDE), Aventine Renewable Energy, Inc. (NYSE: AVR), Cosan Limited (NYSE:CZZ), BioFuel Energy Corp. (NASDAQ: BIOF), Pacific Ethanol (NASDAQ: PEIX), US BioEnergy Corporation (NASDAQ:USBE), VeraSun Energy Corp (NYSE: VSE), and others.

Archer-Daniels-Midland’s 52-week trading range is $31.28 to $47.33.

Jon C. Ogg
February 2, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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Jon C. Ogg |

Archer Daniels Midland, Where Inventory Valuation Takes A Bite (ADM, BG, POT, VLO, ANDE)

Farm products giant Archer Daniels Midland Co. (NYSE: ADM) posted EPS of $0.54 on revenue of $16.8 billion. Analysts were…

Jon C. Ogg |

More US Corn for Ethanol Than Anything Else (ADM, VLO, PEIX, GPRE)

More than 40% of this year’s US corn harvest, about 5.05 billion bushels, is expected to be used to produce…

Paul Ausick |

Is There Really Upside in Biofuels Stocks? (ADM, VLO, GPRE, PEIX, SZYM, GEVO, AMRS, CDXS, KIOR)

Our series on expected upside in stock prices continues today with a look at the biofuels sector. What you are…

Paul Ausick |

New Biofuels Fail to Meet Government-Mandated Quantities (CDXS, AMYR, GEVO, SZYM, KIOR, ADM, VLO, PEIX)

In 2007, the U.S. Congress established mandates for the amount of cellulosic ethanol and other biofuels to be used in…

Paul Ausick |

The Ethanol Paradox: Higher Prices on Lower Demand

Hot, dry weather in the nation’s main corn-growing region have pushed corn prices to nearly $7.80/bushel this morning, a level…

Jon C. Ogg |

Senate Votes to Kill Ethanol Subsidies, Now What… (ADM, VLO, PEIXD, GPRE, CZZ, RDS-A)

The US Senate, by a 73-27 margin, has approved an amendment to an economic development bill that would end the…

Douglas A. McIntyre |

Commodities Watch: Corn Prices Fall as Goldman Raises Outlook (ADM, VLO, GPRE, PEIXD, MOO, DBA)

Corn prices have fallen by its limit of $0.30/bushel today, at about $7.52/bushel, and other ag commodities are also trading…

Douglas A. McIntyre |

ADM Shows Issues in Corn vs. Crude (ADM, VSE, APC, HOC, PEIX, AVR)

This morning’s earnings report from Archer-Daniels-Midland (NYSE:ADM) offers proof that if a company is going to be in the ethanol…

Jon C. Ogg |

Alternative Energy Watch: Solar Woes; Killing Ethanol; Smartphones Invade Smart Grid (CSIQ, YGE, QCLSF, ADM, VLO, PEIX, AVRW, GOOG, AAPL, CSCO, INTC)

Today’s alternative energy news starts off with more lukewarm news from solar panel makers and follows with the latest on…

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