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

Andersons

06/08/2024 23:56

* Andersons Inc  ANDE.OQ  reported quarterly adjusted
earnings of
$1.05​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $1.52. 
The lone analyst forecast for the quarter was for earnings of
$1.09 per share. 
    * Revenue fell 30.5% to $2.80 billion from a year ago;
analysts
expected $3.20 billion. 
    * Andersons Inc's reported EPS for the quarter was $1.05​.
    * The company reported quarterly net income of $35.98
million.
    * Andersons Inc shares had fallen by 4.5% this quarter and
lost 17.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.8%
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 1 "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
$70.00 
This summary was machine generated from LSEG data August 6 at
10:56 p.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
 Jun. 30 2024      1.09           1.05           Missed
 Mar. 31 2024      0.06           0.16           Beat
 Dec. 31 2023      0.99           1.59           Beat
 Sep. 30 2023      0.53           0.13           Missed