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Lennox International (LII) Beats on Q1 Earnings & Revenue
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Lennox International, Inc. (LII - Free Report) offers premium and innovative climate control products in the global ventilation, heating, refrigeration and air conditioning markets. Residential Heating & Cooking, Commercial Heating & Cooking and Refrigeration are the three major business segments of the company. The company’s innovation-based business growth strategy helps it strengthen its product portfolio and makes its operations more cost effective. However, certain industry-specific issues such as appreciating U.S. dollar and extensive business rivalry might partially offset the aforesaid positives and thus dampen LII's earnings.
LII has a positive average earnings surprise of 7.37% over the last four trailing quarters, beating estimates in all the four sessions.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: LII’s adjusted earnings came in at 90 cents per share in first-quarter of 2017, above the Zacks Consensus Estimate of 77 cents per share.
Revenue: The company posted net sales of $793.4 million above the Zacks Consensus Estimate of $747 million.
Key Stats to Note: LII is poised to grow on the back of stronger demand, new investments and greater operational efficacy. The company reiterated its full-year 2017 adjusted earnings and revenue growth guidance. Whole-year adjusted earnings guidance range is $7.55-$8.15 per share. While, full-year revenue growth is anticipated to lie within 3-7% range. Notably, LII aims to repurchase stock worth $250 million by 2017-end.
Stock Price: As of Apr 21, 2017 LII’s closed the trading session at $172.43 per share.
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Lennox International (LII) Beats on Q1 Earnings & Revenue
Lennox International, Inc. (LII - Free Report) offers premium and innovative climate control products in the global ventilation, heating, refrigeration and air conditioning markets. Residential Heating & Cooking, Commercial Heating & Cooking and Refrigeration are the three major business segments of the company. The company’s innovation-based business growth strategy helps it strengthen its product portfolio and makes its operations more cost effective. However, certain industry-specific issues such as appreciating U.S. dollar and extensive business rivalry might partially offset the aforesaid positives and thus dampen LII's earnings.
LII has a positive average earnings surprise of 7.37% over the last four trailing quarters, beating estimates in all the four sessions.
Currently, LII has a Zacks Rank #3 (Hold), but that could definitely change after the release of its upcoming earnings report. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: LII’s adjusted earnings came in at 90 cents per share in first-quarter of 2017, above the Zacks Consensus Estimate of 77 cents per share.
Revenue: The company posted net sales of $793.4 million above the Zacks Consensus Estimate of $747 million.
Key Stats to Note: LII is poised to grow on the back of stronger demand, new investments and greater operational efficacy. The company reiterated its full-year 2017 adjusted earnings and revenue growth guidance. Whole-year adjusted earnings guidance range is $7.55-$8.15 per share. While, full-year revenue growth is anticipated to lie within 3-7% range. Notably, LII aims to repurchase stock worth $250 million by 2017-end.
Stock Price: As of Apr 21, 2017 LII’s closed the trading session at $172.43 per share.
Lennox International, Inc. Price and Consensus
Lennox International, Inc. Price and Consensus | Lennox International, Inc. Quote
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>