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

Lincoln Electric Holdings

27/10/2023 14:33

* Lincoln Electric Holdings Inc  LECO.OQ  reported quarterly
adjusted earnings of $2.40​​ per share for the quarter ended in
September. The mean expectation of eleven analysts for the
quarter was for earnings of $2.25 per share.
    * Revenue rose 10.5% to $1.03 billion from a year ago;
analysts
expected $1.04 billion. 
    * Lincoln Electric Holdings Inc's reported EPS for the
quarter was
$2.22​.
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Lincoln Electric Holdings Inc shares had fallen by 7.5%
this
quarter and gained 16.4% so far this year.
    * The company reported quarterly net income of $129.34
million.
    * Wall Street's median 12-month price target for Lincoln
Electric
Holdings Inc is $210.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 27 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      2.25           2.40           Beat
 Jun. 30 2023      2.32           2.44           Beat
 Mar. 31 2023      2.06           2.13           Beat
 Dec. 31 2022      1.90           1.94           Beat