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The Andersons (ANDE) Gains As Market Dips: What You Should Know

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The Andersons (ANDE) closed at $30.72 in the latest trading session, marking a +0.99% move from the prior day. This move outpaced the S&P 500's daily loss of 0.45%. Elsewhere, the Dow lost 0.67%, while the tech-heavy Nasdaq lost 0.05%.

Prior to today's trading, shares of the agriculture company had lost 16.38% over the past month. This has was narrower than the Basic Materials sector's loss of 22.59% and lagged the S&P 500's loss of 1.89% in that time.

Investors will be hoping for strength from The Andersons as it approaches its next earnings release, which is expected to be August 2, 2022. The company is expected to report EPS of $1.10, down 16.03% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.12 billion, up 25.73% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.55 per share and revenue of $15.22 billion. These totals would mark changes of -13.27% and +19.94%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for The Andersons. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. The Andersons currently has a Zacks Rank of #5 (Strong Sell).

Digging into valuation, The Andersons currently has a Forward P/E ratio of 11.93. Its industry sports an average Forward P/E of 11.93, so we one might conclude that The Andersons is trading at a no noticeable deviation comparatively.

The Agriculture - Products industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 201, putting it in the bottom 21% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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