Lincoln Electric Holdings (Nasdaq: LECO ) is expected to report Q2 earnings on July 29. 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 Lincoln Electric Holdings's revenues will expand 1.8% and EPS will expand 9.9%.
The average estimate for revenue is $757.3 million. On the bottom line, the average EPS estimate is $0.89.
Last quarter, Lincoln Electric Holdings tallied revenue of $718.6 million. GAAP reported sales were 1.2% lower than the prior-year quarter's $727.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.92. GAAP EPS of $0.80 for Q1 were 5.3% higher than the prior-year quarter's $0.76 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 31.8%, 220 basis points better than the prior-year quarter. Operating margin was 13.8%, 120 basis points better than the prior-year quarter. Net margin was 9.3%, 50 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.93 billion. The average EPS estimate is $3.51.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 385 members out of 392 rating the stock outperform, and seven members rating it underperform. Among 150 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 150 give Lincoln Electric Holdings a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lincoln Electric Holdings is hold, with an average price target of $59.80.
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