ANDEThe Andersons, Inc.
The Andersons, Inc. (ANDE) is a North American agricultural products company that sells fertilizers, crop protection products, and seeds. The next catalyst is Oct 1, 2026 — US Fall Harvest Volume & Yield Assessment, which will test the company’s ability to capitalize on strong spring planting volume and the potential for higher yields in the fall.
- The company has a 9.1% YoY revenue growth, with $1.77B in revenue and $117.75M in net income for the 2026 second quarter.
- Free cash flow remains negative at -$603.53M TTM, and net margins are 6.7%, reflecting the capital intensity of the agricultural supply chain.
- The company’s debt-to-equity ratio is 0.67x, suggesting a moderate leverage profile.
The Read
1% on strong spring planting volume outlooks, but showed little reaction to Q1 2026 earnings that met expectations.
The schedule
- Thu1Oct
Early market assessments of US Midwest crop yields, which dictate storage, drying, and merchandising volumes for the upcoming season.
- Tue1Dec
Expected annual update on biofuel blending mandates from the EPA, impacting the ethanol and renewable fuels segment.
- Mon1Feb
Q3 2026 earnings acting as a mid-harvest scorecard on margins and forward contracting.
- Tue9Feb
Year-end earnings report coupled with critical initial full-year 2027 outlook.
- Thu1Apr
USDA initial planting intentions and early weather assessments for the US Midwest spring planting season.
- Wed5May
First-quarter results to validate the early spring volume momentum and gross margin capture.
- Wed4Aug
Past
- Tue4Aug
Actual outcome: Bear · $65.39 at outcome
The company beat EPS estimates of $0.98 exactly, driven by record Renewables segment performance and improved fertilizer operations. However, the stock fell 8.8% as Arrowstreet Capital's significant position reduction and muted forward guidance overshadowed the earnings beat, pushing price below the bear floor.
The Andersons reports its Q2 2026 financial results against a backdrop of tight agricultural supply chains and elevated expectations.
- Wed6May
Actual outcome: Mixed · $68.23 at outcome
The Andersons reported Q1 2026 earnings that exactly met expectations, posting an EPS of $0.98 against a $0.98 estimate. Although the company highlighted record first-quarter net income and adjusted earnings of $1.12 per share, the in-line headline results failed to provide a strong directional catalyst, leaving the stock trading between the bull and bear targets.
- Wed1Apr
Actual outcome: Bull · $78.54 at outcome
Initial assessments of the US Midwest spring planting season indicated strong progress and favorable acreage for corn and soybeans. This positive volume outlook supported expectations for increased agricultural activity and throughput for the company, driving the stock steadily above the $71.50 bull target.
- Wed18Feb
Actual outcome: Bull · $65.65 at outcome
The Andersons delivered a massive earnings beat for Q4 2025, reporting record adjusted EPS of $2.04 against an estimated $0.52. The stock reacted bullishly because this nearly 300% earnings surprise, driven by record adjusted net income, demonstrated significantly stronger operational performance and profitability than analysts had anticipated. This exceptional bottom-line growth, coupled with the declaration of the company's 118th consecutive quarterly dividend, reinforced investor confidence in the firm's financial trajectory.
