Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, May 9, 2025

Article Excerpt

ARCHER DANIELS MIDLAND CO., $48.53, New York symbol ADM, is a hold. The company processes corn, wheat, soybeans, flax seed and other crops into a variety of food ingredients such as flour, oils and sweeteners. It’s also a leading producer of ethanol from corn, a gasoline additive that reduces harmful emissions. In the quarter ended March 31, 2025, Archer’s revenue fell 7.7%, to $20.18 billion from $21.85 billion a year earlier. That missed the consensus forecast of $21.63 billion. Archer now plans to cut 2% of its workforce as part of a new restructuring plan. The company expects to cut between $500 million and $750 million from its annual costs over the next three to five years. That includes $200 million to $300 million in 2025. If you exclude costs related to that plan and other unusual items, earnings fell 54.9%, to $338 million from $750 million. Due to fewer shares outstanding, per-share earnings declined at a slower pace of 52.1%, to $0.70 from…