For the quarter ended September 2023, Lincoln Electric Holdings (LECO - Free Report) reported revenue of $1.03 billion, up 10.5% over the same period last year. EPS came in at $2.40, compared to $2.04 in the year-ago quarter.
The reported revenue represents a surprise of -1.13% over the Zacks Consensus Estimate of $1.05 billion. With the consensus EPS estimate being $2.27, the EPS surprise was +5.73%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Lincoln Electric performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- The Harris Products Group: $125.98 million compared to the $131.25 million average estimate based on four analysts.
- Net Sales- International Welding: $242.01 million versus $236.76 million estimated by four analysts on average.
- Net Sales- Americas Welding: $665.23 million versus $691.64 million estimated by four analysts on average.
- Total Sales- The Harris Products Group: $128.28 million versus $134.22 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -5.5% change.
- Total Sales- International Welding: $246.91 million versus $246.49 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +9% change.
- Inter-segment sales- Americas Welding: $28.88 million compared to the $41.28 million average estimate based on two analysts.
- Inter-segment sales- International Welding: $4.90 million versus the two-analyst average estimate of $9.98 million.
- Inter-segment sales- The Harris Products Group: $2.30 million versus the two-analyst average estimate of $2.73 million.
- Total Sales- Americas Welding: $694.10 million versus the two-analyst average estimate of $748.05 million. The reported number represents a year-over-year change of +11.8%.
- Total Sales- Corporate and Elimination: -$36.07 million compared to the -$53.98 million average estimate based on two analysts. The reported number represents a change of -24.8% year over year.
- Adjusted EBIT- Americas Welding: $136.48 million versus the four-analyst average estimate of $139.86 million.
- Adjusted EBIT- Corporate/Eliminations: -$2.95 million compared to the -$3.20 million average estimate based on four analysts.
View all Key Company Metrics for Lincoln Electric here>>>Shares of Lincoln Electric have returned -8.7% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended September 2023, Lincoln Electric Holdings (LECO - Free Report) reported revenue of $1.03 billion, up 10.5% over the same period last year. EPS came in at $2.40, compared to $2.04 in the year-ago quarter.
The reported revenue represents a surprise of -1.13% over the Zacks Consensus Estimate of $1.05 billion. With the consensus EPS estimate being $2.27, the EPS surprise was +5.73%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Lincoln Electric performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- The Harris Products Group: $125.98 million compared to the $131.25 million average estimate based on four analysts.
- Net Sales- International Welding: $242.01 million versus $236.76 million estimated by four analysts on average.
- Net Sales- Americas Welding: $665.23 million versus $691.64 million estimated by four analysts on average.
- Total Sales- The Harris Products Group: $128.28 million versus $134.22 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -5.5% change.
- Total Sales- International Welding: $246.91 million versus $246.49 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +9% change.
- Inter-segment sales- Americas Welding: $28.88 million compared to the $41.28 million average estimate based on two analysts.
- Inter-segment sales- International Welding: $4.90 million versus the two-analyst average estimate of $9.98 million.
- Inter-segment sales- The Harris Products Group: $2.30 million versus the two-analyst average estimate of $2.73 million.
- Total Sales- Americas Welding: $694.10 million versus the two-analyst average estimate of $748.05 million. The reported number represents a year-over-year change of +11.8%.
- Total Sales- Corporate and Elimination: -$36.07 million compared to the -$53.98 million average estimate based on two analysts. The reported number represents a change of -24.8% year over year.
- Adjusted EBIT- Americas Welding: $136.48 million versus the four-analyst average estimate of $139.86 million.
- Adjusted EBIT- Corporate/Eliminations: -$2.95 million compared to the -$3.20 million average estimate based on four analysts.
View all Key Company Metrics for Lincoln Electric here>>>Shares of Lincoln Electric have returned -8.7% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on LECO - FREE