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

Lindsay

27/06/2024 14:31

* Lindsay Corp  LNN.N  reported quarterly adjusted earnings
of
$1.85​​ per share for the quarter ended in May, higher than the
same quarter last year, when the company reported EPS of $1.53. 
The mean expectation of four analysts for the quarter was
for earnings of $1.17 per share. Wall Street expected results to
range from 95 cents to $1.44 per share.
    * Revenue fell 15.4% to $139.20 million from a year ago;
analysts
expected $144.36 million. 
    * Lindsay Corp's reported EPS for the quarter was $1.85​.
    * The company reported quarterly net income of $20.38
million.
    * Lindsay Corp shares had fallen by 3.8% this quarter and
lost 12.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is  "hold."

Wall Street's median 12-month price target for Lindsay Corp is
$134.00 
This summary was machine generated from LSEG data June 27 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
 May. 31 2024      1.17           1.85           Beat
 Feb. 29 2024      1.56           1.64           Beat
 Nov. 30 2023      1.27           1.36           Beat
 Aug. 31 2023      1.11           1.74           Beat