Overview
Agriculture and renewable fuels firm's Q4 adjusted EPS beat analyst expectations
Adjusted net income for Q4 beat analyst expectations
Adjusted EBITDA for Q4 beat analyst expectations
Outlook
Company expects strong sorghum export demand to benefit Skyland and Houston assets
Andersons plans to lower carbon intensity of ethanol plants
Company anticipates solid domestic premium ingredient demand supporting capital growth
Result Drivers
RENEWABLES PERFORMANCE - Record production and favorable biofuels policies drove strong results in the Renewables segment
CORN HARVEST - Agribusiness benefited from a record corn harvest and strong export demand
STRATEGIC INVESTMENTS - Recent investments, including full ownership of ethanol plants, contributed to financial performance
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales and Merchandising Revenues | $2.54 bln | ||
Q4 Adjusted EPS | Beat | $2.04 | $1.56 (3 Analysts) |
Q4 EPS | $1.97 | ||
Q4 Adjusted Net Income | Beat | $70 mln | $52.95 mln (3 Analysts) |
Q4 Net Income | $67.40 mln | ||
Q4 Adjusted EBITDA | Beat | $136.50 mln | $111.30 mln (3 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the fishing & farming peer group is "buy"
Wall Street's median 12-month price target for Andersons Inc is $65.00, about 5.8% below its February 13 closing price of $69.03
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nPn3JFphta
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Comments