The 10-second takeaway
For the quarter ended June 30 (Q2), Andersons missed estimates on revenues and earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share shrank significantly.
Margins dropped across the board.
Andersons booked revenue of $1.32 billion. The seven analysts polled by S&P Capital IQ expected sales of $1.37 billion on the same basis. GAAP reported sales were 1.7% lower than the prior-year quarter's $1.34 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.56. The eight earnings estimates compiled by S&P Capital IQ forecast $1.62 per share. GAAP EPS of $1.56 for Q2 were 36% lower than the prior-year quarter's $2.42 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 7.8%, 140 basis points worse than the prior-year quarter. Operating margin was 3.3%, 160 basis points worse than the prior-year quarter. Net margin was 2.2%, 120 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $992.5 million. On the bottom line, the average EPS estimate is $0.46.
Next year's average estimate for revenue is $4.88 billion. The average EPS estimate is $4.22.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 227 members out of 274 rating the stock outperform, and 47 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give Andersons a green thumbs-up, and 21 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Andersons is hold, with an average price target of $49.89.
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