Andersons Q4 2023 Adj EPS $1.59 Beats $0.99 Estimate, Sales $3.21B Miss $4.26B Estimate
Portfolio Pulse from Benzinga Newsdesk
Andersons (NASDAQ:ANDE) reported Q4 2023 adjusted EPS of $1.59, surpassing the $0.99 estimate by 60.61%, but its sales of $3.21B fell short of the $4.26B estimate by 24.63%, marking a 31.30% decrease from the previous year.
February 20, 2024 | 9:11 pm
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Andersons reported a strong Q4 2023 adjusted EPS of $1.59, beating estimates, but sales of $3.21B missed forecasts and showed a significant year-over-year decline.
While the EPS beat is positive, the significant miss on sales and the year-over-year decline could temper investor enthusiasm. The mixed results present a neutral outlook in the short term as investors weigh the strong earnings against the revenue miss.
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