We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Can Linde (LIN) Keep the Earnings Surprise Streak Alive in Q3?
Read MoreHide Full Article
Linde plc (LIN - Free Report) is set to report third-quarter 2021 results on Oct 28, before the opening bell.
In the last reported quarter, the company’s earnings of $2.70 per share beat the Zacks Consensus Estimate of $2.56 owing to increased demand from end markets and project start-ups that led to higher volumes and prices.
The leading global industrial gases and engineering company beat the Zacks Consensus Estimate for earnings in the prior four reported quarters, delivering an earnings surprise of 8.1%, on average. This is depicted in the graph below:
Let’s see how things have shaped up prior to the upcoming earnings announcement.
Trend in Estimate Revision
The Zacks Consensus Estimate for third-quarter earnings per share of $2.69 per share has seen no upward revision and one downward movement in the past seven days. The figure suggests an increase of 25.1% from the year-ago quarter.
Further, the Zacks Consensus Estimate for revenues of $7.7 billion suggests an 11.6% rise from the prior-year quarter.
What the Quantitative Model Suggests
Our proven model predicts an earnings beat for Linde 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 an earnings beat.
Earnings ESP: Linde has an Earnings ESP of +0.19%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Zacks Rank: The company currently carries a Zacks Rank #3.
Factors Driving the Better-Than-Expected Earnings
Industrial production in the United States increased drastically in the September quarter of this year compared to the year-ago comparable quarter. The outperformance is owing to economic reopening, thanks to the rollout of coronavirus vaccines. Since Linde produces industrial gases used across numerous industries, the company is likely to have generated revenues from its Americas business unit. The Zacks Consensus Estimate for its third-quarter 2021 sales from the Americas unit is pegged at $3,169 million, suggesting an increase from $2,641 million in the third quarter of 2020.
The business scenario was probably favorable in Europe. In Germany – the largest economy in the Eurozone area – industrial production improved significantly. The Zacks Consensus Estimate for its third-quarter 2021 sales from the EMEA (Europe, Middle East & Africa) unit is pegged at $1,929 million, suggesting an increase from $1,622 million in the third quarter of 2020.
Other Stocks That Warrant a Look
Here are some other firms that you may want to consider as these too have the right combination of elements to post an earnings beat in the upcoming quarterly reports:
MP Materials Corp. (MP - Free Report) has an Earnings ESP of +20.37% and a Zacks Rank of 2. It is scheduled to report third-quarter results on Nov 4.
The Chemours Company (CC - Free Report) has an Earnings ESP of +5.70% and a Zacks Rank #2. The firm is scheduled to release third-quarter earnings on Nov 4.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Can Linde (LIN) Keep the Earnings Surprise Streak Alive in Q3?
Linde plc (LIN - Free Report) is set to report third-quarter 2021 results on Oct 28, before the opening bell.
In the last reported quarter, the company’s earnings of $2.70 per share beat the Zacks Consensus Estimate of $2.56 owing to increased demand from end markets and project start-ups that led to higher volumes and prices.
The leading global industrial gases and engineering company beat the Zacks Consensus Estimate for earnings in the prior four reported quarters, delivering an earnings surprise of 8.1%, on average. This is depicted in the graph below:
Linde plc Price and EPS Surprise
Linde plc price-eps-surprise | Linde plc Quote
Let’s see how things have shaped up prior to the upcoming earnings announcement.
Trend in Estimate Revision
The Zacks Consensus Estimate for third-quarter earnings per share of $2.69 per share has seen no upward revision and one downward movement in the past seven days. The figure suggests an increase of 25.1% from the year-ago quarter.
Further, the Zacks Consensus Estimate for revenues of $7.7 billion suggests an 11.6% rise from the prior-year quarter.
What the Quantitative Model Suggests
Our proven model predicts an earnings beat for Linde 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 an earnings beat.
Earnings ESP: Linde has an Earnings ESP of +0.19%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Zacks Rank: The company currently carries a Zacks Rank #3.
Factors Driving the Better-Than-Expected Earnings
Industrial production in the United States increased drastically in the September quarter of this year compared to the year-ago comparable quarter. The outperformance is owing to economic reopening, thanks to the rollout of coronavirus vaccines. Since Linde produces industrial gases used across numerous industries, the company is likely to have generated revenues from its Americas business unit. The Zacks Consensus Estimate for its third-quarter 2021 sales from the Americas unit is pegged at $3,169 million, suggesting an increase from $2,641 million in the third quarter of 2020.
The business scenario was probably favorable in Europe. In Germany – the largest economy in the Eurozone area – industrial production improved significantly. The Zacks Consensus Estimate for its third-quarter 2021 sales from the EMEA (Europe, Middle East & Africa) unit is pegged at $1,929 million, suggesting an increase from $1,622 million in the third quarter of 2020.
Other Stocks That Warrant a Look
Here are some other firms that you may want to consider as these too have the right combination of elements to post an earnings beat in the upcoming quarterly reports:
Albemarle Corporation (ALB - Free Report) has an Earnings ESP of +8.73% and is a Zacks #3 Ranked player. The company is scheduled to release third-quarter results on Nov 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
MP Materials Corp. (MP - Free Report) has an Earnings ESP of +20.37% and a Zacks Rank of 2. It is scheduled to report third-quarter results on Nov 4.
The Chemours Company (CC - Free Report) has an Earnings ESP of +5.70% and a Zacks Rank #2. The firm is scheduled to release third-quarter earnings on Nov 4.