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

Lincoln Electric Holdings

27/07/2023 15:20

* Lincoln Electric Holdings Inc  LECO.OQ  reported quarterly
adjusted earnings of $2.44​​ per share for the quarter ended in
June. The mean expectation of ten analysts for the quarter was
for earnings of $2.32 per share.
    * Revenue rose 9.4% to $1.06 billion from a year ago;
analysts
expected $1.10 billion. 
    * Lincoln Electric Holdings Inc's reported EPS for the
quarter was
$2.36​.
    * The mean earnings estimate of analysts had risen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Lincoln Electric Holdings Inc shares had risen by 2.7%
this
quarter and gained 41.2% so far this year.
    * The company reported quarterly net income of $137.33
million.
    * Wall Street's median 12-month price target for Lincoln
Electric
Holdings Inc is $211.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
27 at 02:20 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      2.32           2.44           Beat
 Mar. 31 2023      2.06           2.13           Beat
 Dec. 31 2022      1.90           1.94           Beat
 Sep. 30 2022      1.95           2.04           Beat