We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Andersons (ANDE) Earnings & Sales Top Estimates in Q4, Up Y/Y
Read MoreHide Full Article
The Andersons, Inc. (ANDE - Free Report) reported record adjusted earnings per share (EPS) of $1.14 in fourth-quarter 2021, indicating a year-over-year surge of 104%. The bottom line also surpassed the Zacks Consensus Estimate of 58 cents. Robust agricultural markets contributed to the upbeat results.
Including one-time items, the company reported EPS of 95 cents in the quarter compared with the prior-year quarter’s 52 cents.
Operational Update
Revenues in the fourth quarter went up 51% year over year to $3,783 million. The top line surpassed the Zacks Consensus Estimate of $2,626 million.
Cost of sales increased 51% to $3,589 million from $2,384 million posted in the prior-year quarter. Gross profit moved up 56% year over year to $194 million. Gross margin expanded to 5.1% in the quarter compared with the year-ago quarter’s 4.9%.
Operating, administrative and general expenses were up 10.6% year over year to $110.9 million. The adjusted operating profit was $53 million in the fourth quarter compared with $26 million in the comparable period last year. Adjusted EBITDA was a record $131 million in the December-end quarter compared with $72 million in the comparable period last year.
The Andersons, Inc. Price, Consensus and EPS Surprise
The Trade segment’s revenues climbed 41% year over year to $2,782 million. The segment reported an adjusted operating profit of $27 million, suggesting a year-over-year decline of 7.8%.
The Renewables segment’s revenues came in at $767 million compared with the year-earlier quarter’s $374 million. The segment reported an adjusted operating profit of $27 million against the prior-year quarter’s operating loss of $3.5 million.
The Plant Nutrient segment reported record revenues of $234 million, up 50% from the prior-year quarter’s tally. It reported a record operating profit of $16 million compared with the year-earlier quarter’s $3 million.
Financial Performance
Andersons reported cash and cash equivalents of $216 million at the end of 2021, up from $29 million reported at the end of the prior year. The company’s long-term debt was $600 million in 2021 compared with $886 million in 2020.
2021 Performance
Andersons reported an adjusted EPS of $2.89 in 2021 against the loss of 4 cents per share in the prior year. Earnings beat the Zacks Consensus Estimate of $2.76. Including one-time items, the bottom line came in at $2.94 compared with 17 cents in 2020.
Sales were up 58% year over year to $12.6 billion. The top line surpassed the Zacks Consensus Estimate of $11.5 billion.
Price Performance
Andersons’ shares have gained 49.1% in the past year compared with the industry’s growth of 7.7%.
Commercial Metals has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised upward by 23% over the past 60 days.
Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters and missed once, the average surprise being 13.1%. CMC’s shares have surged around 61% in a year’s time.
Albemarle has an expected earnings growth rate of 56.2% for the current year. ALB's consensus estimate for the current year has been revised 8.9% upward over the past 60 days.
Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 22.1%. ALB shares have gained around 38% in a year.
AdvanSix has an expected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised upward by 3.2% in the past 60 days.
AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 46.9%. ASIX has appreciated around 63% in a year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Andersons (ANDE) Earnings & Sales Top Estimates in Q4, Up Y/Y
The Andersons, Inc. (ANDE - Free Report) reported record adjusted earnings per share (EPS) of $1.14 in fourth-quarter 2021, indicating a year-over-year surge of 104%. The bottom line also surpassed the Zacks Consensus Estimate of 58 cents. Robust agricultural markets contributed to the upbeat results.
Including one-time items, the company reported EPS of 95 cents in the quarter compared with the prior-year quarter’s 52 cents.
Operational Update
Revenues in the fourth quarter went up 51% year over year to $3,783 million. The top line surpassed the Zacks Consensus Estimate of $2,626 million.
Cost of sales increased 51% to $3,589 million from $2,384 million posted in the prior-year quarter. Gross profit moved up 56% year over year to $194 million. Gross margin expanded to 5.1% in the quarter compared with the year-ago quarter’s 4.9%.
Operating, administrative and general expenses were up 10.6% year over year to $110.9 million. The adjusted operating profit was $53 million in the fourth quarter compared with $26 million in the comparable period last year. Adjusted EBITDA was a record $131 million in the December-end quarter compared with $72 million in the comparable period last year.
The Andersons, Inc. Price, Consensus and EPS Surprise
The Andersons, Inc. price-consensus-eps-surprise-chart | The Andersons, Inc. Quote
Segment Performance
The Trade segment’s revenues climbed 41% year over year to $2,782 million. The segment reported an adjusted operating profit of $27 million, suggesting a year-over-year decline of 7.8%.
The Renewables segment’s revenues came in at $767 million compared with the year-earlier quarter’s $374 million. The segment reported an adjusted operating profit of $27 million against the prior-year quarter’s operating loss of $3.5 million.
The Plant Nutrient segment reported record revenues of $234 million, up 50% from the prior-year quarter’s tally. It reported a record operating profit of $16 million compared with the year-earlier quarter’s $3 million.
Financial Performance
Andersons reported cash and cash equivalents of $216 million at the end of 2021, up from $29 million reported at the end of the prior year. The company’s long-term debt was $600 million in 2021 compared with $886 million in 2020.
2021 Performance
Andersons reported an adjusted EPS of $2.89 in 2021 against the loss of 4 cents per share in the prior year. Earnings beat the Zacks Consensus Estimate of $2.76. Including one-time items, the bottom line came in at $2.94 compared with 17 cents in 2020.
Sales were up 58% year over year to $12.6 billion. The top line surpassed the Zacks Consensus Estimate of $11.5 billion.
Price Performance
Andersons’ shares have gained 49.1% in the past year compared with the industry’s growth of 7.7%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Andersons currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space include Commercial Metals Company (CMC - Free Report) Albemarle Corporation (ALB - Free Report) and AdvanSix Inc (ASIX - Free Report) . While CMC and ALB sport a Zacks Rank #1 (Strong Buy), ASIX carries a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Commercial Metals has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised upward by 23% over the past 60 days.
Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters and missed once, the average surprise being 13.1%. CMC’s shares have surged around 61% in a year’s time.
Albemarle has an expected earnings growth rate of 56.2% for the current year. ALB's consensus estimate for the current year has been revised 8.9% upward over the past 60 days.
Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 22.1%. ALB shares have gained around 38% in a year.
AdvanSix has an expected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised upward by 3.2% in the past 60 days.
AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 46.9%. ASIX has appreciated around 63% in a year.