Andersons Inc reports results for the quarter ended in September 30 - Earnings Summary

Andersons

05/11/2024 07:52

* Andersons Inc  ANDE.OQ  reported quarterly adjusted
earnings of
80 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 13 cents.  The lone analyst forecast for the quarter was
for earnings of 43 cents per share. 
    * Revenue fell 27.9% to $2.62 billion from a year ago;
analysts
expected $2.90 billion. 
    * Andersons Inc's reported EPS for the quarter was 80
cents​.
    * The company reported quarterly net income of $27.37
million.
    * Andersons Inc shares had fallen by 8.6% this quarter and
lost 20.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.5%
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 November 5 at
07:52 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
 Sep. 30 2024      0.43           0.80           Beat
 Jun. 30 2024      1.09           1.05           Missed
 Mar. 31 2024      0.06           0.16           Beat
 Dec. 31 2023      0.99           1.59           Beat