The 10-second takeaway
For the quarter ended March 31 (Q1), Andersons beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share improved.
Margins dropped across the board.
Andersons reported revenue of $1.14 billion. The five analysts polled by S&P Capital IQ anticipated a top line of $1.11 billion on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $1.00 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 $0.98. The six earnings estimates compiled by S&P Capital IQ anticipated $0.86 per share. GAAP EPS of $0.98 for Q1 were 5.4% higher than the prior-year quarter's $0.93 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 7.6%, 30 basis points worse than the prior-year quarter. Operating margin was 2.3%, 20 basis points worse than the prior-year quarter. Net margin was 1.6%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.38 billion. On the bottom line, the average EPS estimate is $1.78.
Next year's average estimate for revenue is $4.82 billion. The average EPS estimate is $4.50.
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 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Andersons a green thumbs-up, and 20 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 $49.06.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.