The Andersons ANDE is scheduled to report fourth-quarter 2023 results after the closing bell on Feb 20.

Q4 Estimates

The Zacks Consensus Estimate for ANDE’s fourth-quarter revenues is pegged at $4.2 billion, suggesting a 9.9% year-over-year decline. The consensus mark for fourth-quarter earnings is pegged at $1.11 per share, which suggests a 13.3% improvement from the year-ago quarter's actual. The consensus estimate for earnings for the to-be-reported quarter has been unchanged constant over the past 60 days.

The Andersons, Inc. Price and EPS Surprise

 

The Andersons, Inc. price-eps-surprise | The Andersons, Inc. Quote

Q3 Results

In the last reported quarter, Andersons reported year-over-year declines in revenues and earnings. The top and bottom lines missed the Zacks Consensus Estimate.

Andersons’s earnings have missed the consensus estimate in one of the trailing four quarters, while beating in the other three quarters, the average surprise being 32.7%.

Factors to Note

The company’s Trade segment is expected to have benefited from the strong momentum in its merchandising businesses. Also, recent investments in food and pet food ingredients are likely to have contributed to the segment’s performance in the fourth quarter.

The Renewables segment’s results are expected to reflect strong ethanol crush margins in the quarter. Enhanced efficiency at its production facilities, with improved ethanol and corn oil yield, and lower costs are expected to have contributed to earnings. The merchandising businesses, including renewable diesel feedstocks, continue to deliver solid earnings on higher volumes and strong co-product values.

The Nutrient & Industrial segment’s results in the fourth quarter are likely to reflect the impacts of lower volume. However, the company’s expectation for the segment’s results remains solid, backed by higher demand for fertilizer and specialty liquid products.

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. You can see the complete list of today’s Zacks #1 Rank stocks here.

You can uncover the best stocks before they’re reported with our Earnings ESP Filter.

Earnings ESP: The Earnings ESP for Anderson is 0.00%.

Zacks Rank: ANDE currently carries a Zacks Rank of 5 (Strong Sell).

Price Performance

Andersons’ shares have gained 22.6% in the past year against the industry’s 1.8% decline.