Lakeland Industries, Inc. (LAKE - Free Report) is scheduled to release fourth-quarter fiscal 2021 (ended January 2021) results on Apr 15, after the closing bell.
The personal protective equipment provider delivered better-than-expected results in the last three reported quarters. Its earnings were $1.14 per share in third-quarter fiscal 2021, surpassing the Zacks Consensus Estimate of 57 cents.
In the past three months, shares of the company decreased 4.3% compared with the industry’s growth of 9.2%.
Key Factors & Estimates for Q4
The pandemic-induced demand for personal protective products has been benefiting Lakeland Industries for the past three-four quarters of fiscal 2021. Notably, COVID-related sales accounted for 35% of the company’s fiscal third-quarter sales. The continuation of such a trend might get reflected in the company’s fourth-quarter results. Growing demand for chemical and disposable apparel in developing countries, the United States, Europe and others are likely to have acted as tailwinds.
Also, the company’s commitment to invest in technology, personnel and processes is expected to have benefited the to-be-reported quarter’s performance. Notably, investments to boost manufacturing capabilities across the globe, especially in Vietnam, Mexico and India, are other tailwinds.
Further, the traditional industrial business, including FR garments, woven and high-visibility apparel, has been seeing demand improvement as the economy gears up. This, in turn, is expected to have helped the company’s quarterly performance. On the flip side, weakness in any end market like oil & gas and automotive as well as high compensation or commissions on sales is anticipated to get reflected in the company’s results.
The Zacks Consensus Estimate for fiscal fourth-quarter revenues is pegged at $36 million, suggesting an increase of 28.6% from the year-ago reported figure. However, the estimate suggests a decline of 12.2% from the previous quarter’s reported number. The estimate for earnings is pegged at 72 cents per share, suggesting an increase of 380% from the year-ago quarter’s reported figure but a 36.8% decline from the last reported quarter.
Earnings Whispers
Our proven model does not suggest an earnings beat for Lakeland Industries this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. But that’s not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Lakeland Industries has an Earnings ESP of 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at 72 cents.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Lakeland Industries, Inc. (LAKE - Free Report) is scheduled to release fourth-quarter fiscal 2021 (ended January 2021) results on Apr 15, after the closing bell.
The personal protective equipment provider delivered better-than-expected results in the last three reported quarters. Its earnings were $1.14 per share in third-quarter fiscal 2021, surpassing the Zacks Consensus Estimate of 57 cents.
In the past three months, shares of the company decreased 4.3% compared with the industry’s growth of 9.2%.
Key Factors & Estimates for Q4
The pandemic-induced demand for personal protective products has been benefiting Lakeland Industries for the past three-four quarters of fiscal 2021. Notably, COVID-related sales accounted for 35% of the company’s fiscal third-quarter sales. The continuation of such a trend might get reflected in the company’s fourth-quarter results. Growing demand for chemical and disposable apparel in developing countries, the United States, Europe and others are likely to have acted as tailwinds.
Also, the company’s commitment to invest in technology, personnel and processes is expected to have benefited the to-be-reported quarter’s performance. Notably, investments to boost manufacturing capabilities across the globe, especially in Vietnam, Mexico and India, are other tailwinds.
Further, the traditional industrial business, including FR garments, woven and high-visibility apparel, has been seeing demand improvement as the economy gears up. This, in turn, is expected to have helped the company’s quarterly performance. On the flip side, weakness in any end market like oil & gas and automotive as well as high compensation or commissions on sales is anticipated to get reflected in the company’s results.
The Zacks Consensus Estimate for fiscal fourth-quarter revenues is pegged at $36 million, suggesting an increase of 28.6% from the year-ago reported figure. However, the estimate suggests a decline of 12.2% from the previous quarter’s reported number. The estimate for earnings is pegged at 72 cents per share, suggesting an increase of 380% from the year-ago quarter’s reported figure but a 36.8% decline from the last reported quarter.
Earnings Whispers
Our proven model does not suggest an earnings beat for Lakeland Industries this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. But that’s not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Lakeland Industries has an Earnings ESP of 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at 72 cents.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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