Lindsay (NYSE: LNN ) is expected to report Q2 earnings on March 27. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Lindsay's revenues will expand 22.9% and EPS will grow 29.0%.
The average estimate for revenue is $162.4 million. On the bottom line, the average EPS estimate is $1.29.
Last quarter, Lindsay recorded revenue of $147.4 million. 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.
Last quarter, EPS came in at $1.15. 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 preceding quarter, gross margin was 29.1%, 370 basis points better than the prior-year quarter. Operating margin was 15.1%, much better than the prior-year quarter. Net margin was 10.0%, 750 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $638.9 million. The average EPS estimate is $4.86.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 308 members out of 337 rating the stock outperform, and 29 members rating it underperform. Among 83 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 76 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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