Back to top

Image: Bigstock

Linde (LIN) Gears up to Report Q3 Earnings: What's in Store?

Read MoreHide Full Article

Linde (LIN - Free Report) is set to report third-quarter 2023 results on Oct 26, before the opening bell.

In the last reported quarter, Linde’s earnings of $3.57 per share beat the Zacks Consensus Estimate of $3.47, owing to higher pricing from the Americas segment.

The leading global industrial gases and engineering company’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 6.6%. This is depicted in the graph below.

Linde PLC Price and EPS Surprise

Linde PLC Price and EPS Surprise

Linde PLC price-eps-surprise | Linde PLC Quote

Trend in Estimate Revision

The Zacks Consensus Estimate for third-quarter earnings per share of $3.57 has witnessed one upward and three downward revisions in the past 30 days. The figure suggests an improvement of 15.2% from the prior-year quarter’s reported number.

The consensus estimate for third-quarter revenues of $8.7 billion indicates a year-over-year decline of 1.6%.

Factors to Note

Industrial production in the United States increased marginally year over year in all the three months of the third quarter. Since Linde produces industrial gases used across numerous industries, it is likely to have generated higher profit from its Americas business unit, contributing a major portion to LIN’s earnings.

Earnings Whispers

Our proven model does not indicate 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. That is not the case here, as you will see below.

Earnings ESP: Linde’s Earnings ESP is -0.45%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: The company currently carries a Zacks Rank #3.

Stocks to Consider

Here are a few firms in the basic materials space that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.

Avient Corporation (AVNT - Free Report) has an Earnings ESP of +2.59% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

AVNT is scheduled to release third-quarter results on Nov 2. The Zacks Consensus Estimate for AVNT’s earnings is pegged at 57 cents per share.

Ecolab (ECL - Free Report) has an Earnings ESP of +0.12% and a Zacks Rank of 3 at present.

Ecolab is scheduled to report third-quarter results on Oct 31. The Zacks Consensus Estimate for earnings is pegged at $1.52 per share, indicating a year-over-year improvement of 16.9%.

Bunge Limited (BG - Free Report) has an Earnings ESP of +4.11% and a Zacks Rank #3 at present.

BG is scheduled to release third-quarter earnings on Oct 26. The Zacks Consensus Estimate for earnings is pegged at $2.37 per share.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Ecolab Inc. (ECL) - free report >>

Bunge Global SA (BG) - free report >>

Linde PLC (LIN) - free report >>

Avient Corporation (AVNT) - free report >>

Published in