Andersen Group (NYSE:ANDG) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Andersen Group (NYSE:ANDG) posted its earnings results on Tuesday. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08), FiscalAI reports. The firm had revenue of $240.75 million for the quarter. The business’s revenue was up 15.7% on a year-over-year basis.

Here are the key takeaways from Andersen Group’s conference call:

• Q1 revenue rose 15.7% year over year to $240.7 million, beating the company’s prior guidance, with growth across all major service lines and regions.
• Adjusted EBITDA increased 26.4% to $72.3 million and margin expanded to 30%, reflecting strong operating leverage and organic performance.
• Revenue per professional increased 12.7%-13%, which management highlighted as its key operating metric, helped by improved productivity, pricing, and early benefits from technology investments.
• The company raised its full-year 2026 revenue guidance to $980 million-$1.0 billion and increased inorganic revenue expectations to $55 million, though management said most acquisition contribution will come in the second half of the year.
• GAAP net income fell sharply versus last year because of $41.2 million of non-cash IPO-related equity compensation, higher interest expense, and transaction costs, and management expects a net loss in Q2 due to seasonality and these charges.

Andersen Group Price Performance

Shares of NYSE:ANDG traded down $0.39 during midday trading on Thursday, reaching $35.12. The company’s stock had a trading volume of 160,824 shares, compared to its average volume of 316,364. The business has a 50 day moving average of $29.79. Andersen Group has a 12-month low of $18.12 and a 12-month high of $39.54.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ANDG. Wells Fargo & Company upped their price target on Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday. UBS Group reiterated a “buy” rating and issued a $42.00 price objective on shares of Andersen Group in a research report on Thursday. Robert W. Baird upped their target price on Andersen Group from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday. Weiss Ratings started coverage on Andersen Group in a research note on Monday, April 6th. They issued a “sell (e)” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $41.00 price target on shares of Andersen Group in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Andersen Group has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Hedge Funds Weigh In On Andersen Group

Large investors have recently made changes to their positions in the business. Teacher Retirement System of Texas purchased a new position in Andersen Group during the fourth quarter valued at $4,278,000. Allspring Global Investments Holdings LLC grew its stake in shares of Andersen Group by 1.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 130,856 shares of the company’s stock worth $3,559,000 after acquiring an additional 1,267 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Andersen Group by 47.0% during the first quarter. Bank of New York Mellon Corp now owns 18,636 shares of the company’s stock valued at $507,000 after acquiring an additional 5,962 shares in the last quarter. Corient Private Wealth LLC purchased a new position in shares of Andersen Group in the 4th quarter worth about $357,000. Finally, XTX Topco Ltd bought a new position in Andersen Group in the 4th quarter worth about $269,000.

Andersen Group Company Profile

Our mission is to deliver exceptional client service grounded in integrity, transparency, and excellence. Since our founding in 2002, we have experienced rapid and sustained growth, powered by our people, our values and our relentless commitment to innovative, client-focused solutions. Building on the rich traditions and culture of the former Arthur Andersen, we are driven by a bold vision to lead in a complex global marketplace, creating lasting value for our clients, our people and our investors.