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Archer Daniels (ADM) Q4 Earnings and Revenues Miss Estimates

Archer Daniels Midland Company ADM reported lower-than-expected results in fourth-quarter 2018, wherein the bottom line delivered a negative earnings surprise after four straight beats along with second consecutive top-line miss.A glimpse of this Zacks Rank #1 (Strong Buy) stock’s price trend reveals that it has outperformed the industry in a year’s time. Transportation results were driven by higher freight rates, mitigated with elevated operating expenses.At the Nutrition segment, adjusted operating profit decreased 15.1% to $62 million as robust WFSI results were offset by dismal performance at Animal Nutrition. Also, lower margins and sales in EMEA as well as elevated costs in North American liquid sweeteners negatively impacted the results. However, North American volumes in Starches and Sweeteners were robust.FinancialsArcher Daniels ended the quarter with cash and cash equivalents of $1,997 million, long-term debt including current maturities of $8,280 million and shareholders’ equity of $18,996 million.In 2018, the company generated negative cash flows of $4,784 million from operating activities. However, the company’s trailing four-quarter adjusted ROIC came in at 8.3%, 200 basis points above the annual WACC.Additionally, the company repurchased shares worth $77 million and paid dividends of $758 million to its shareholders in 2018. It currently carries a Zacks Rank #2 (Buy).Nomad Foods Limited NOMD has an impressive long-term earnings growth rate of 11% and a Zacks Rank #2.Zacks' Top 10 Stocks for 2019In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?Who wouldn't?

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