Andersons (ANDE) to Report Q4 Earnings: Here's What to Expect

Core Viewpoint - The Andersons (ANDE) is set to report its fourth-quarter 2023 results on February 20, with expectations of a revenue decline but an improvement in earnings per share compared to the previous year [1][2]. Q4 Estimates - The Zacks Consensus Estimate for ANDE's fourth-quarter revenues is $4.2 billion, indicating a 9.9% year-over-year decline [2]. - The consensus estimate for fourth-quarter earnings is $1.11 per share, suggesting a 13.3% improvement from the same quarter last year [2]. - The earnings estimate has remained unchanged over the past 60 days [2]. Q3 Results - In the last reported quarter, Andersons experienced year-over-year declines in both revenues and earnings, missing the Zacks Consensus Estimate [3]. - The company has missed the consensus estimate in one of the last four quarters, while beating in the other three, with an average surprise of 32.7% [3]. Factors to Note - The Trade segment is expected to benefit from strong momentum in merchandising businesses and recent investments in food and pet food ingredients [4]. - The Renewables segment is anticipated to reflect strong ethanol crush margins, enhanced efficiency, and lower costs contributing to earnings [4]. - The Nutrient & Industrial segment may show lower volume impacts, but demand for fertilizer and specialty liquid products remains solid [4]. Price Performance - Andersons' shares have increased by 22.6% over the past year, contrasting with a 1.8% decline in the industry [6].