Wall Street analysts forecast that Lincoln Electric Holdings (LECO - Free Report) will report quarterly earnings of $2.19 per share in its upcoming release, pointing to a year-over-year increase of 12.9%. It is anticipated that revenues will amount to $1.03 billion, exhibiting an increase of 10.7% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Lincoln Electric metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Net Sales- The Harris Products Group' reaching $115.86 million. The estimate suggests a change of +1.4% year over year.
Analysts expect 'Net Sales- International Welding' to come in at $260.49 million. The estimate indicates a year-over-year change of +7.2%.
According to the collective judgment of analysts, 'Net Sales- Americas Welding' should come in at $655.39 million. The estimate indicates a change of +14.3% from the prior-year quarter.
Based on the collective assessment of analysts, 'Total Sales- The Harris Products Group' should arrive at $119.05 million. The estimate indicates a year-over-year change of +2%.
The consensus among analysts is that 'Total Sales- International Welding' will reach $266.33 million. The estimate indicates a change of +7% from the prior-year quarter.
Analysts forecast 'Total Sales- Americas Welding' to reach $686.12 million. The estimate suggests a change of +13.8% year over year.
It is projected by analysts that the 'Adjusted EBIT- Americas Welding' will reach $128.06 million. The estimate is in contrast to the year-ago figure of $114.38 million.
The average prediction of analysts places 'Adjusted EBIT- The Harris Products Group' at $14.96 million. The estimate is in contrast to the year-ago figure of $12.06 million.
Analysts predict that the 'Adjusted EBIT- International Welding' will reach $30.72 million. Compared to the present estimate, the company reported $22.84 million in the same quarter last year.
View all Key Company Metrics for Lincoln Electric here>>>
Lincoln Electric shares have witnessed a change of +9% in the past month, in contrast to the Zacks S&P 500 composite's +5.8% move. With a Zacks Rank #3 (Hold), LECO is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Wall Street analysts forecast that Lincoln Electric Holdings (LECO - Free Report) will report quarterly earnings of $2.19 per share in its upcoming release, pointing to a year-over-year increase of 12.9%. It is anticipated that revenues will amount to $1.03 billion, exhibiting an increase of 10.7% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Lincoln Electric metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Net Sales- The Harris Products Group' reaching $115.86 million. The estimate suggests a change of +1.4% year over year.
Analysts expect 'Net Sales- International Welding' to come in at $260.49 million. The estimate indicates a year-over-year change of +7.2%.
According to the collective judgment of analysts, 'Net Sales- Americas Welding' should come in at $655.39 million. The estimate indicates a change of +14.3% from the prior-year quarter.
Based on the collective assessment of analysts, 'Total Sales- The Harris Products Group' should arrive at $119.05 million. The estimate indicates a year-over-year change of +2%.
The consensus among analysts is that 'Total Sales- International Welding' will reach $266.33 million. The estimate indicates a change of +7% from the prior-year quarter.
Analysts forecast 'Total Sales- Americas Welding' to reach $686.12 million. The estimate suggests a change of +13.8% year over year.
It is projected by analysts that the 'Adjusted EBIT- Americas Welding' will reach $128.06 million. The estimate is in contrast to the year-ago figure of $114.38 million.
The average prediction of analysts places 'Adjusted EBIT- The Harris Products Group' at $14.96 million. The estimate is in contrast to the year-ago figure of $12.06 million.
Analysts predict that the 'Adjusted EBIT- International Welding' will reach $30.72 million. Compared to the present estimate, the company reported $22.84 million in the same quarter last year.
View all Key Company Metrics for Lincoln Electric here>>>
Lincoln Electric shares have witnessed a change of +9% in the past month, in contrast to the Zacks S&P 500 composite's +5.8% move. With a Zacks Rank #3 (Hold), LECO is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
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