The Andersons (ANDE) is set to announce its fourth-quarter 2023 results after the closing bell on Feb 20.
Q4 Estimates
The Zacks Consensus Estimate for ANDE’s Q4 revenues is $4.2 billion, marking a 9.9% year-over-year decline. Meanwhile, the consensus mark for Q4 earnings is $1.11 per share, indicating a 13.3% improvement from the year-ago quarter. Notably, the consensus estimate for earnings for the to-be-reported quarter has remained unchanged over the past 60 days.
The Andersons, Inc. Price and EPS Surprise
…
Q3 Results
In the last reported quarter, Andersons witnessed year-over-year declines in revenues and earnings, missing the Zacks Consensus Estimate for both metrics.
…
Factors to Note
The company’s Trade segment is expected to have benefited from a strong momentum in its merchandising businesses. Recent investments in food and pet food ingredients are likely to have augmented the segment’s performance in the fourth quarter.
…
What our Zacks Model Indicates
Our proven model does not conclusively predict an earnings beat for Andersons this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.
…
Price Performance
Andersons’ shares have gained 22.6% in the past year, exceeding the industry’s 1.8% decline.
…
Stocks to Consider
Here are some stocks with the right combination of elements to post an earnings beat in their upcoming releases.
…
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
…
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers “Most Likely for Early Price Pops.” Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.0% per year. So be sure to give these hand-picked 7 your immediate attention.
…
…
The Andersons, Inc. (ANDE) : Free Stock Analysis Report
…
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
