Lincoln Electric Holdings (Nasdaq: LECO) is expected to report Q3 earnings on Oct. 31. 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 2.6% and EPS will increase 12.1%.
The average estimate for revenue is $719.7 million. On the bottom line, the average EPS estimate is $0.74.
Revenue details
Last quarter, Lincoln Electric Holdings reported revenue of $744.0 million. GAAP reported sales were 6.4% higher than the prior-year quarter's $699.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $0.81. GAAP EPS of $0.79 for Q2 were 16% higher than the prior-year quarter's $0.68 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 30.4%, 240 basis points better than the prior-year quarter. Operating margin was 13.2%, 180 basis points better than the prior-year quarter. Net margin was 8.9%, 70 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $2.92 billion. The average EPS estimate is $3.07.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 362 members out of 370 rating the stock outperform, and eight members rating it underperform. Among 124 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 123 give Lincoln Electric Holdings a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lincoln Electric Holdings is outperform, with an average price target of $56.42.
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