The Andersons (ANDE) reported third-quarter earnings of 7 cents per share, well below the Zacks Consensus Estimate of 39 cents and the prior-year EPS of 70 cents per share. Apart from the Grain & Ethanol Group, all other segments at ANDE posted an operating loss for the quarter.

Revenue declined 33.6% to $601.0 million from $905.7 million in the year-ago period for The Andersons, primarily due to lower grain and plant nutrient prices. The current economic slowdown is having an adverse impact on all of the company’s businesses.

We do not expect a significant turnaround in any of these businesses in the near term. We are downgrading our recommendation on The Andersons to Underperform.

Zacks Investment Research

1. (ANDE) The Andersons’ Earnings Report is Well Behind EstimatesThe Andersons, Inc. (ANDE) reported third-quarter earnings of 7 cents per share, well below the...
2. (ANDE) The Andersons Inc. – Earnings Consensus Estimates RiseThe Andersons, Inc. (ANDE) is scheduled to report third quarter earnings after the bell on...
3. (ANDE) The Andersons, Inc. – Analysts OptimisticThe Anderson’s, Inc. (ANDE) reported second quarter results on Aug 5 and missed on analysts’...
4. (ANDE) The Andersons, Inc – beat the Consensus Estimate by 28 cents reporting earnings per share of 27 centsThe Anderson’s, Inc. (ANDE) is expected to report second-quarter results next week after beating the...
5. (ANDE) Andersons Inc. – Momentum – Zacks Rank BuyAndersons Inc. (ANDE) is currently trading at 14X forward earnings with a very impressive 22%...
6. (ANDE) – The Andersons Inc – expected to earn between $4.40 – $4.80, up from $3.65 – $4.00 per shareThe Andersons Inc. (ANDE) recently raised its full-year earnings guidance twice within a 30-day period,...

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