The 10-second takeaway
For the quarter ended March 31 (Q1), Andersons missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP earnings per share dropped significantly.
Margins shrank across the board.
Andersons tallied revenue of $1.27 billion. The six analysts polled by S&P Capital IQ expected sales of $1.31 billion on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $1.14 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 $0.67. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.87 per share. GAAP EPS of $0.67 for Q1 were 32% lower than the prior-year quarter's $0.98 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 6.2%, 140 basis points worse than the prior-year quarter. Operating margin was 1.4%, 90 basis points worse than the prior-year quarter. Net margin was 1.0%, 60 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.48 billion. On the bottom line, the average EPS estimate is $1.58.
Next year's average estimate for revenue is $5.65 billion. The average EPS estimate is $4.19.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 224 members out of 269 rating the stock outperform, and 45 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 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 hold, with an average price target of $51.00.
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