Abstract

Andersons will report quarterly results on August 03, 2026 Post Market; this preview consolidates last quarter’s actuals and the current quarter’s forecasts across revenue, margins, EPS, and segment trends to frame what investors should watch.

Market Forecast

Consensus for this quarter anticipates revenue of 3.28 billion US dollars, adjusted EPS of 1.45, and EBIT of 52.70 million US dollars, implying year-over-year growth of 14.44% for revenue, 181.50% for EPS, and 97.38% for EBIT. Forecasts point to continued improvement supported by operating leverage; year-over-year rates reflect decimal growth interpretation rather than literal percentages. The Agriculture and ethanol businesses remain the core drivers, with the former holding the larger revenue base and the latter offering cyclical margin torque; ethanol is positioned as the most promising near-term swing factor given its sensitivity to crush spreads.

Last Quarter Review

In the previous quarter, Andersons posted revenue of 2.63 billion US dollars, a gross profit margin of 6.11%, GAAP net profit attributable to shareholders of 33.19 million US dollars, a net profit margin of 1.26%, and adjusted EPS of 1.12, with revenue down 1.20% year over year and adjusted EPS up 833.33% year over year. GAAP net profit decreased 50.78% quarter over quarter, indicating a moderation after a strong prior period. Main businesses delivered 1.92 billion US dollars from Agriculture and 0.71 billion US dollars from Ethanol, underscoring a revenue mix tilted toward Agriculture; segment-level year-over-year growth data were not disclosed.

Current Quarter Outlook

Main business: Agriculture merchandising, logistics, and grain handling

The Agriculture segment is projected to anchor revenue at scale this quarter, leveraging a broad origination network and merchandising flows. With revenue last quarter of 1.92 billion US dollars, even modest basis and volume normalization can yield notable top-line recovery, consistent with the 14.44% revenue growth forecast for the company. Margin cadence will hinge on basis volatility, storage income, and risk management outcomes; the 6.11% consolidated gross margin last quarter provides a starting point, but mix shifts toward higher-margin storage and services could support incremental expansion. Weather-driven harvest expectations and export demand will influence grain movement and service fees, while disciplined hedging remains central to protecting net profit margin around the 1.26% baseline observed last quarter.

Most promising business: Ethanol and renewables

Ethanol contributed 0.71 billion US dollars last quarter and remains a margin-sensitive catalyst for earnings this quarter. The EBIT and EPS forecast lifts of 97.38% and 181.50%, respectively, are consistent with improved crush economics and coproduct realization, which can expand contribution margins disproportionately to revenue. Operational flexibility to optimize plant utilizations, alongside coproduct demand for distillers grains and corn oil, can add to mix quality and cash generation. Regulatory credit markets and regional fuel demand are variables; favorable spreads can translate into stronger consolidated EBIT, supporting the company’s estimated 52.70 million US dollars EBIT this quarter.

Key stock-price drivers this quarter

Earnings sensitivity is highest to ethanol margins and merchandising basis, which can drive outsized movements in adjusted EPS relative to revenue. Execution on risk management and working-capital discipline is critical for cash conversion, potentially enabling deleveraging and capital returns if forecasts materialize. Any commentary on the fall-harvest setup, export lanes, and renewable fuel market dynamics will shape investor expectations for second-half seasonality and margin durability.

Analyst Opinions

Bullish opinions predominate, with the majority pointing to ethanol margin recovery and improving grain merchandising conditions as the foundation for the 14.44% revenue and 181.50% EPS growth forecasts this quarter. Analysts emphasize that stronger crush spreads can translate into significant operating leverage, aligning with the 97.38% EBIT growth forecast, and see potential upside if basis and storage income remain resilient. The bullish camp expects the Agriculture segment’s scale to stabilize top-line performance while ethanol provides incremental margin torque, suggesting a path to beat-and-raise if favorable spreads persist into late summer.