-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下：Archer-Daniels-Midland (ADM)公佈了2026年第一季穩健的業績，調整後每股收益為0.71美元（同比增長1%），超出市場預期0.05美元。該公司將2026年全年業績預期從3.60美元至4.25美元上調至4.15美元至4.70美元（市場預期為4.23美元），主要得益於2026年3月即將最終確定的可再生燃料標準，該標準提供了至關重要的政策指引。這種監管確定性有利於生物燃料產業的發展，並強化了ADM的投資邏輯。碳水化合物解決方案業務表現突出，營業利潤飆升48%至3.56億美元，主要得益於乙醇業務受惠於政策環境改善帶來的利潤率提升。儘管受市值調整的影響，AS&O業務面臨不利因素，營業利潤下降34%至2.73億美元，但其基本營運績效展現出韌性。營養品業務持續維持復甦勢頭，營業利潤成長42%至1.35億美元。我們相信，監管環境的明朗化和強勁的營運執行力將使ADM在2026年之前實現獲利成長。
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