Lindsay
The 10-second takeaway
For the quarter ended Aug. 31 (Q4), Lindsay met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded significantly.
Gross margins shrank, operating margins increased, net margins grew.
Revenue details
Lindsay logged revenue of $127.8 million. The eight analysts polled by S&P Capital IQ expected sales of $127.6 million on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $116.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.68. The eight earnings estimates compiled by S&P Capital IQ predicted $0.75 per share. GAAP EPS of $0.68 for Q4 were 48% higher than the prior-year quarter's $0.46 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 25.6%, 30 basis points worse than the prior-year quarter. Operating margin was 9.9%, 150 basis points better than the prior-year quarter. Net margin was 6.9%, 180 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $128.5 million. On the bottom line, the average EPS estimate is $0.71.
Next year's average estimate for revenue is $581.4 million. The average EPS estimate is $4.06.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 309 members out of 340 rating the stock outperform, and 31 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 69 give Lindsay a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lindsay is hold, with an average price target of $67.00.
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