Lincoln Electric Holdings Inc reports results for the quarter ended in December - Earnings Summary

Lincoln Electric Holdings

15/02/2024 15:22

* Lincoln Electric Holdings Inc  LECO.OQ  reported quarterly
adjusted earnings of $2.45​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of $1.94.  The mean expectation of
twelve analysts for the quarter was for earnings of $2.18 per
share. Wall Street expected results to range from $2.09 
to $2.25 per share.
    * Revenue rose 13.7% to $1.06 billion from a year ago;
analysts
expected $1.03 billion. 
    * Lincoln Electric Holdings Inc's reported EPS for the
quarter was
$2.70​.
    * The company reported quarterly net income of $156.64
million.
    * Lincoln Electric Holdings Inc shares had risen by 6.5%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and 2 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Lincoln
Electric
Holdings Inc is $208.00 

This summary was machine generated from LSEG data February 15 at
03:21 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      2.18           2.45           Beat
 Sep. 30 2023      2.25           2.40           Beat
 Jun. 30 2023      2.32           2.44           Beat
 Mar. 31 2023      2.06           2.13           Beat