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Lennox International (LII) Beats on Q2 Earnings and Revenues
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.
LII has a positive average earnings surprise of 3.17% over the last four trailing quarters, beating estimates in all the four sessions.
Currently, LII has a Zacks Rank #2 (Buy), 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:
Lennox International, Inc. Price, Consensus and EPS Surprise
Lennox International, Inc. Price, Consensus and EPS Surprise | Lennox International, Inc. Quote
Earnings: LII’s adjusted earnings came in at $3.67 per share in second-quarter of 2018, above the Zacks Consensus Estimate of $3.56 per share.
Revenue: The company posted net sales of $1.18 billion above the Zacks Consensus Estimate of $1.13 billion.
Key Stats to Note: LII raised 2018 guidance for adjusted EPS from continuing operations from $9.75-$10.35 to $9.95-$10.35.
Stock Price: Shares prices did not show any movement in the pre-market trading session.
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