Andersons Inc reports results for the quarter ended in December - Earnings Summary

Andersons

21/02/2024 10:41

* Andersons Inc  ANDE.OQ  reported quarterly adjusted
earnings of
$1.59​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 98
cents.  The mean expectation of three analysts for the quarter
was for earnings of 99 cents per share. Wall Street expected
results to range from 82 cents to $1.11 per share.
    * Revenue fell 31.3% to $3.21 billion from a year ago;
analysts
expected $4.26 billion. 
    * Andersons Inc's reported EPS for the quarter was $1.49​.
    * The company reported quarterly net income of $51.19
million.
    * Andersons Inc shares had fallen by 7.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the fishing &
farming
peer group is also "buy"

Wall Street's median 12-month price target for Andersons Inc is
$60.00 
This summary was machine generated from LSEG data February 21 at
10:41 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.99           1.59           Beat
 Sep. 30 2023      0.53           0.13           Missed
 Jun. 30 2023      1.09           1.52           Beat
 Mar. 31 2023      0.18           0.20           Beat