Archer Daniels raises FY26 adjusted EPS view to $4.15-$4.70 from $3.60-$4.25

FY26 consensus $4.23. The updated outlook assumes continued progress related to company priorities and reflects expected earnings improvement primarily in ADM‘s crushing and ethanol businesses as a result of the finalization of the 2026 and 2027 renewable volume obligations under the U.S. Renewable Fuels Standard in March of 2026. External factors will continue to be monitored, and include consumer trends, energy costs, supply chain dislocations, ethanol developments, and evolving global trade and tariff conditions. Capital expenditures continue to be projected to be in the range of $1.3B-$1.5B.