The Andersons (ANDE) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to loss of $1.32 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 866.67%. A quarter ago, it was expected that this agriculture company would post earnings of $0.78 per share when it actually produced earnings of $0.59, delivering a surprise of -24.36%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Andersons, which belongs to the Zacks Agriculture - Products industry, posted revenues of $2.64 billion for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 19.02%. This compares to year-ago revenues of $1.85 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.