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:

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