Why Andersons (ANDE) Could Be Positioned for a Surge?

Zacks Equity Research
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The Andersons, Inc. (ANDE), engaged in the grain, ethanol, plant nutrient, railcar leasing, turf and cob products could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ANDE’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that Andersons could be a solid choice for investors.

Current Quarter Estimates for ANDE

In the past 30 days, 4 estimates have gone higher for Andersons while there is no downward estimates revision in the same time period. The trend has been pretty favorable too, with estimates narrowing from 71 cents a share 30 days ago, to 79 today, a move of 11.3%.

Current Year Estimates for ANDE

Meanwhile, Andersons’s current year figures are also looking quite promising. with 3 estimates moving higher in the past month. The consensus estimate trend has also seen a boost for this time frame, increasing from $3.47 per share 30 days ago to $4.36 per share today, an increase of 25.6%.

Bottom Line

The stock has also started to move higher lately, adding 21.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.

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