The Andersons, Inc. (ANDE) is scheduled to report third quarter earnings after the bell on Nov 4. Despite a slowdown in the agriculture sector analysts are bullish on the quarter and expect 2009 year over year earnings growth of 23.80%.

Company Description

The Andersons is an agribusiness company operating with five business segments: Grain and Ethanol Group; Rail Group; Plant Nutrients Group, Turf & Specialty Group and Retail Group.

The company has operations in 14 states including Puerto Rico and also has rail equipment leasing interests in Canada and Mexico.

Zacks Consensus Estimates Rise

The Andersons has missed on estimates 3 out of the last 4 quarters but analysts are bullish ahead of the Nov 4 third quarter results as both the quarterly and full year estimates have been rising.

The third quarter Zacks Consensus Estimate climbed 3 cents to 39 cents in the last 30 days.

The

...

The Andersons, Inc. (ANDE) is a well diversified company with interests in the grain, ethanol and plant nutrient sectors, as well as in railcar leasing and repair, turf products production, and general merchandise retailing. Andersons’ grain business is benefiting from increased space income. Given its positive outlook for the grain business, the company is keen on increasing its storage capacity. The company recently added 4 million bushels of capacity, expanding the company’s total grain storage capacity to more than 101 million bushels. In addition, Andersons is working on expanding the capacity at two of its existing facilities. The company said that each facility will increase its capacity by 750,000 bushels within the next few months. The company seeks to expand its presence into new markets through storage agreements, leases and acquisitions. Andersons’ focus on value-added proprietary products extended product lines in the Turf & Specialty ...

Andersons Inc. (ANDE) recently announced that it has increased its grain-storage capacity in Michigan by nearly 4 million bushels. This expands the company’s total grain storage capacity to more than 101 million bushels.

In addition, Andersons is working on expanding the capacity at its facilities in Delphi, Indiana and White Pigeon, Michigan. The company said that each facility will increase its capacity by 750,000 bushels within the next few months. Andersons seeks to expand its presence in new markets through storage agreements, leases and acquisitions.

Apart from expanding its grain storage capacity, the company is focusing on increasing value-added proprietary products in the Turf & Specialty Group. Management believes that its proprietary product strategy will lead to continued growth for the group in 2009.

Going forward, Andersons expects the Grain business and Turf & Specialty Group to continue performing well. However, the company’s Plant Nutrient unit posted a

...

The Anderson's, Inc. (ANDE) is expected to report second-quarter results next week after beating the Zacks Consensus Estimate by 28 cents in the first quarter. Can it keep the momentum? Analysts are expecting 19.55% year over year earnings growth in 2009.

Company Description

The Anderson's is a diversified agribusiness company with interests in grain and plant nutrients, railcar leasing and repair, industrial products formulation, turf products, retailing and ethanol operations. The company has operations in 12 states and Puerto Rico as well as rail equipment leasing interests in Canada and Mexico.

Zacks Consensus Estimates Rise Ahead of Earnings

The Andersons is scheduled to report second quarter results next week on Aug 6. Ahead of the earnings report, Zacks Consensus Estimates have been rising.

In the last week, the second-quarter Zacks Consensus Estimate rose 5 cents to 90 cents with 1 out of 4 covering analysts raising.

The full-year Zacks

...