Agricultural and farm machinery company Lindsay (NYSE:LNN) will be reporting its fourth-quarter earnings results tomorrow before market open. As investors eagerly await the release, it’s essential to know what to expect from the company.
Last Quarter Performance
In the previous quarter, Lindsay beat analysts’ revenue expectations by 6.5%, reporting revenues of $155 million, a decrease of 7.3% year-over-year. While this was a mixed quarter for the company, with an impressive beat of analysts’ EPS estimates, it significantly missed analysts’ adjusted operating income estimates.
Analysts’ Expectations
This quarter, analysts are anticipating Lindsay’s revenue to grow by 5.2% year-over-year to $169.8 million, reversing the 8.4% decrease recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.40 per share.
Analyst Consensus and Price Target
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, indicating they anticipate the business to stay on track heading into earnings. Lindsay has missed Wall Street’s revenue estimates six times over the last two years.
Industry Performance
With Lindsay being the first among its peers to report earnings this season, we don’t have another company to look at for guidance on how this quarter will unfold for heavy machinery stocks. However, the entire sector has been hit hard over the last month, with stocks in Lindsay’s peer group down 5.8% on average. Lindsay is down 8.7% during the same time and is heading into earnings with an average analyst price target of $132 (compared to the current share price of $118.88).
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Why Lindsay’s Earnings Matter
Lindsay’s earnings report will provide insight into the company’s performance in the fourth quarter and set the stage for its future prospects. With analysts reconfirming their estimates and the company heading into earnings with a price target of $132, investors should keep an eye on:
- Revenue Growth: Will Lindsay meet or beat analysts’ revenue expectations, growing by 5.2% year-over-year to $169.8 million?
- Adjusted Earnings: Will adjusted earnings come in at $1.40 per share, meeting analyst estimates?
- Industry Trends: How will Lindsay’s performance impact the entire heavy machinery sector, which has been hit hard over the last month?
Conclusion
As investors await Lindsay’s Q4 earnings report, it’s essential to understand what to expect from the company. With analysts reconfirming their estimates and the company heading into earnings with a price target of $132, this quarter will be crucial in determining Lindsay’s future prospects.
Additional Analysis
To better understand Lindsay’s performance, let’s dive deeper into its financials:
Revenue Growth
Lindsay’s revenue growth has been a mixed bag over the last two years. While it beat analysts’ expectations by 6.5% last quarter, it significantly missed adjusted operating income estimates. This trend may continue in the fourth quarter, with analysts expecting revenue to grow by 5.2% year-over-year.
Adjusted Earnings
Adjusted earnings are expected to come in at $1.40 per share, meeting analyst estimates. However, Lindsay has a history of missing Wall Street’s revenue estimates six times over the last two years. This may indicate that the company is struggling to meet expectations.
Industry Performance
The heavy machinery sector has been hit hard over the last month, with stocks in Lindsay’s peer group down 5.8% on average. Lindsay is down 8.7% during the same time and is heading into earnings with an average analyst price target of $132 (compared to the current share price of $118.88).
Thematic Investing
Here at StockStory, we understand the potential of thematic investing. By identifying companies that are benefiting from megatrends like AI, investors can tap into promising growth stories. We’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Why Lindsay’s Earnings Matter
Lindsay’s earnings report will provide insight into the company’s performance in the fourth quarter and set the stage for its future prospects. With analysts reconfirming their estimates and the company heading into earnings with a price target of $132, investors should keep an eye on:
- Revenue Growth: Will Lindsay meet or beat analysts’ revenue expectations, growing by 5.2% year-over-year to $169.8 million?
- Adjusted Earnings: Will adjusted earnings come in at $1.40 per share, meeting analyst estimates?
- Industry Trends: How will Lindsay’s performance impact the entire heavy machinery sector, which has been hit hard over the last month?
Conclusion
As investors await Lindsay’s Q4 earnings report, it’s essential to understand what to expect from the company. With analysts reconfirming their estimates and the company heading into earnings with a price target of $132, this quarter will be crucial in determining Lindsay’s future prospects.
Additional Analysis
To better understand Lindsay’s performance, let’s dive deeper into its financials:
Revenue Growth
Lindsay’s revenue growth has been a mixed bag over the last two years. While it beat analysts’ expectations by 6.5% last quarter, it significantly missed adjusted operating income estimates. This trend may continue in the fourth quarter, with analysts expecting revenue to grow by 5.2% year-over-year.
Adjusted Earnings
Adjusted earnings are expected to come in at $1.40 per share, meeting analyst estimates. However, Lindsay has a history of missing Wall Street’s revenue estimates six times over the last two years. This may indicate that the company is struggling to meet expectations.
Industry Performance
The heavy machinery sector has been hit hard over the last month, with stocks in Lindsay’s peer group down 5.8% on average. Lindsay is down 8.7% during the same time and is heading into earnings with an average analyst price target of $132 (compared to the current share price of $118.88).
Thematic Investing
Here at StockStory, we understand the potential of thematic investing. By identifying companies that are benefiting from megatrends like AI, investors can tap into promising growth stories. We’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
