Andersen Group Analysts Increase Their Forecasts After Q2 Results

Benzinga Earnings
08/13

Andersen Group Inc (NYSE:ANDG) on Wednesday posted better-than-expected sales for the second quarter.

The company posted adjusted earnings of $2.94 per share. The company’s sales came in at $217.658 million, beating market estimates of $199.310 million.

“Our results speak for themselves,” said Mark Vorsatz, Global Chairman and CEO of Andersen. “Revenue grew 23.7% in the quarter, every service line contributed, and adjusted net income grew even faster than revenue — indicating that our platform is scaling efficiently even as we invest aggressively in talent, technology, and AI. The reported net loss is simply a function of non-cash equity compensation; it doesn’t reflect the momentum we’re building. We like where this business is headed.”

Andersen Group shares dipped 10% to $45.00 in pre-market trading.

These analysts made changes to their price targets on Andersen Group following earnings announcement.

  • Baird analyst Mark Marcon maintained the stock with an Outperform rating and raised the price target from $44 to $57.
  • Truist Securities analyst Tobey Sommer maintained the stock with a Buy and raised the price target from $42 to $55.

Considering buying ANDG stock? Here’s what analysts think:

Photo via Shutterstock

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10