Andersons Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Andersons (NASDAQ:ANDE) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.62b (down 28% from 3Q 2023).
• Net income: US$27.4m (up 182% from 3Q 2023).
• Profit margin: 1.0% (up from 0.3% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$0.80 (up from US$0.29 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Andersons EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) exceeded analyst estimates by 86%.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Consumer Retailing industry in the US.

Performance of the American Consumer Retailing industry.

The company's shares are down 5.9% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Andersons' balance sheet and an in-depth analysis of the company's financial position.

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