In its upcoming report, Lindsay (LNN) is predicted by Wall Street analysts to post quarterly earnings of $1.34 per share, reflecting a decline of 1.5% compared to the same period last year. Revenues are forecasted to be $165.83 million, representing a year-over-year increase of 2.8%.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some Lindsay metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Operating revenues- Infrastructure Segment' should come in at $23.99 million. The estimate indicates a year-over-year change of +13.2%.
Analysts' assessment points toward 'Operating revenues- Irrigation Segment' reaching $141.89 million. The estimate indicates a change of +1.2% from the prior-year quarter.
Analysts predict that the 'Operating income- Irrigation Segment' will reach $21.33 million. Compared to the present estimate, the company reported $25.31 million in the same quarter last year.
The consensus estimate for 'Operating income- Infrastructure Segment' stands at $4.40 million. Compared to the current estimate, the company reported $3.62 million in the same quarter of the previous year.
View all Key Company Metrics for Lindsay here>>>
Shares of Lindsay have demonstrated returns of -8.6% over the past month compared to the Zacks S&P 500 composite's -2.4% change. With a Zacks Rank #4 (Sell), LNN is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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