Lincoln Electric Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Lincoln Electric Holdings

01/11/2024 03:43

* Lincoln Electric Holdings Inc  LECO.OQ  reported quarterly
adjusted earnings of $2.14​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of $2.40.  The mean expectation of
eleven analysts for the quarter was for earnings of $2.08 per
share. Wall Street expected results to range from $1.90 
to $2.28 per share.
    * Revenue fell 4.8% to $983.76 million from a year ago;
analysts
expected $990.87 million. 
    * Lincoln Electric Holdings Inc's reported EPS for the
quarter was
$1.77​.
    * The company reported quarterly net income of $100.76
million.
    * Lincoln Electric Holdings Inc shares had risen by 2.7%
this
quarter and lost 9.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.5%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is  "hold."

Wall Street's median 12-month price target for Lincoln Electric
Holdings Inc is $212.00 
This summary was machine generated from LSEG data November 1 at
03:43 a.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
 Sep. 30 2024      2.08           2.14           Beat
 Jun. 30 2024      2.29           2.34           Beat
 Mar. 31 2024      2.17           2.23           Beat
 Dec. 31 2023      2.18           2.45           Beat