The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Andersons beat expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share shrank significantly.
Margins shrank across the board.
Andersons chalked up revenue of $1.68 billion. The five analysts polled by S&P Capital IQ predicted sales of $1.42 billion on the same basis. GAAP reported sales were 29% higher than the prior-year quarter's $1.30 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 $0.80. The six earnings estimates compiled by S&P Capital IQ averaged $0.89 per share. GAAP EPS of $0.80 for Q4 were 32% lower than the prior-year quarter's $1.17 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 5.4%, 130 basis points worse than the prior-year quarter. Operating margin was 1.3%, 60 basis points worse than the prior-year quarter. Net margin was 0.9%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.32 billion. On the bottom line, the average EPS estimate is $0.81.
Next year's average estimate for revenue is $5.37 billion. The average EPS estimate is $4.15.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 225 members out of 272 rating the stock outperform, and 47 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 56 give Andersons a green thumbs-up, and 19 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Andersons is outperform, with an average price target of $46.79.
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