Tristan R. Brown
Alternative energy, long/short equity, commodities, energy

The Andersons Reports A Big Earnings Beat In Q3

Executive summary

The Andersons reported strong earnings in Q3, beating analyst estimates for both EPS and revenue. Its earnings were driven by a strong rebound in the corn ethanol industry in particular, although its grain segment also reported higher operating income YoY. The Q3 report comes on the back of strong performance in the first half of 2013, and the company's share price has increased by 86% YTD in response. Analyst estimates for 2014 project still more EPS growth, however, and do not account for the headwinds likely to be encountered by the company's three primary operating segments in 2014. The company's shares are overvalued at present and future downside is likely as analyst estimates are revised in the coming...
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