Lindsay (NYSE: LNN ) reported earnings on Jan. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Nov. 30 (Q1), Lindsay beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share grew significantly.
Margins increased across the board.
Lindsay booked revenue of $147.4 million. The eight analysts polled by S&P Capital IQ expected revenue of $130.5 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $119.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.15. The eight earnings estimates compiled by S&P Capital IQ averaged $0.75 per share. GAAP EPS of $1.15 for Q1 were 400% higher than the prior-year quarter's $0.23 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.1%, 370 basis points better than the prior-year quarter. Operating margin was 15.1%, 1,080 basis points better than the prior-year quarter. Net margin was 10.0%, 750 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $145.4 million. On the bottom line, the average EPS estimate is $1.09.
Next year's average estimate for revenue is $591.3 million. The average EPS estimate is $4.13.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 306 members out of 335 rating the stock outperform, and 29 members rating it underperform. Among 87 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 80 give Lindsay a green thumbs-up, and seven 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 $71.20.
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