Deutsche Bank Issues Alert On Archer Daniels Midland (ADM)

Deutsche Bank has published a research report today on Archer Daniels Midland ADM following Archer Daniels Midland's F2Q11 EPS. The company reported its EPS at $1.06, handily beating Deutsche Bank's estimate of $0.71, and analyst consensus of $0.78. In the report, Deutsche Bank states, "ADM reports opr F2Q11 (end Dec) EPS of $1.06. This was well above our estimate of $0.71 and consensus of $0.78. Results exclude an $0.08 per share gain from the Golden Peanut acquisition, but include a $0.25 per share LIFO charge, above our $0.13 per share assumption. Primary deviations vs. our model came in stronger than expected Bio-products, Agricultural Services and Wheat/Cocoa." Shares of Archer Daniels Midland were at $35.05 at the time of posting in pre-market trading, up 7.28% from Monday's market close.