(ANDE) The Andersons – Bear of the Day

December 28th, 2009

The Andersons, Inc. (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. Apart from the Grain & Ethanol Group, all other segments posted an operating loss for the quarter.

Revenue declined 33.6% to $601.0 million from $905.7 million in the year-ago period, 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 stock to Underperform.

Zacks Investment Research

Related Posts:

  1. (ANDE) The Andersons – Bear of the DayThe Andersons (ANDE) reported third-quarter earnings of 7 cents per share, well below the Zacks...
  2. (ANDE) The Andersons’ Earnings Report is Well Behind EstimatesThe Andersons, Inc. (ANDE) reported third-quarter earnings of 7 cents per share, well below the...
  3. (ANDE) The Andersons Inc. – Earnings Consensus Estimates RiseThe Andersons, Inc. (ANDE) is scheduled to report third quarter earnings after the bell on...
  4. (ANDE) The Andersons, Inc. – Analysts OptimisticThe Anderson’s, Inc. (ANDE) reported second quarter results on Aug 5 and missed on analysts’...
  5. (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...
  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,...


Search Posts by Tag: | | Consumer Goods | Farm Products

RSS Feeds by Tag: ANDE | The Andersons Inc | Consumer Goods | Farm Products |

Other Posts by: | RSS Feed for this author