Earnings Outlook For Andersons
Portfolio Pulse from Benzinga Insights
Andersons (NASDAQ:ANDE) is scheduled to release its quarterly earnings report on 2024-02-20, with analysts estimating an EPS of $0.99. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's miss resulting in an 11.27% drop. Shares are currently trading at $54.58, up 22.08% over the last 52 weeks. Investors are looking for not just an earnings beat but also positive guidance for the next quarter.
February 19, 2024 | 4:01 pm
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POSITIVE IMPACT
Andersons is anticipated to report an EPS of $0.99 in its upcoming earnings, with a focus on beating this estimate and providing positive future guidance. Historical data shows significant stock price movements post-earnings announcements.
Given Andersons' history of stock price volatility post-earnings, a beat on the expected EPS of $0.99 and positive guidance could lead to a short-term price increase. However, the company's last quarter miss and subsequent price drop highlight the sensitivity of its stock to earnings performance. The current positive trend in the stock price over the last 52 weeks may bolster investor confidence, potentially amplifying the impact of a favorable earnings report.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100