Andersons Q2 EPS $1.52 Beats $1.06 Estimate, Sales $4.02B Miss $4.15B Estimate
Portfolio Pulse from Benzinga Newsdesk
Andersons (NASDAQ:ANDE) reported Q2 earnings of $1.52 per share, beating the analyst consensus estimate of $1.06 by 43.4%. However, this is a 35.59% decrease from the same period last year. The company's quarterly sales of $4.02 billion missed the analyst consensus estimate of $4.15 billion by 3.20%, marking a 9.68% decrease from the same period last year.
August 04, 2023 | 10:21 am
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NEGATIVE IMPACT
Andersons' Q2 earnings beat estimates but are down YoY. Sales also missed estimates and are down YoY.
Despite beating the earnings estimate, Andersons' Q2 earnings and sales are down YoY. This could negatively impact investor sentiment and potentially lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100