Lindsay Corp reports results for the quarter ended in February - Earnings Summary

Lindsay

04/04/2024 14:31

* Lindsay Corp  LNN.N  reported quarterly adjusted earnings
of
$1.64​​ per share for the quarter ended in February, higher than
the same quarter last year, when the company reported EPS of
$1.63.  The mean expectation of four analysts for the quarter
was for earnings of $1.56 per share. Wall Street expected
results to range from $1.34  to $1.72 per share.
    * Revenue fell 8.9% to $151.52 million from a year ago;
analysts
expected $172.06 million. 
    * Lindsay Corp's reported EPS for the quarter was $1.64​.
    * The company reported quarterly net income of $18.12
million.
    * Lindsay Corp shares had fallen by 2.0% this quarter and
lost 10.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "hold"

Wall Street's median 12-month price target for Lindsay Corp is
$122.00 
This summary was machine generated from LSEG data April 4 at
01:31 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
 Feb. 29 2024      1.56           1.64           Beat
 Nov. 30 2023      1.27           1.36           Beat
 Aug. 31 2023      1.11           1.74           Beat
 May. 31 2023      2.15           1.53           Missed