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Countdown to Lennox (LII) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
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Wall Street analysts expect Lennox International (LII - Free Report) to post quarterly earnings of $6.90 per share in its upcoming report, which indicates a year-over-year increase of 1%. Revenues are expected to be $1.48 billion, up 2.1% from the year-ago quarter.
The current level reflects an upward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
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 usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Lennox metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Net Sales- Building Climate Solutions' of $477.00 million. The estimate points to a change of +1.8% from the year-ago quarter.
The consensus estimate for 'Net Sales- Home Comfort Solutions' stands at $1.01 billion. The estimate suggests a change of +2.4% year over year.
Analysts forecast 'Segment Profit (loss)- Building Climate Solutions' to reach $111.22 million. Compared to the current estimate, the company reported $114.00 million in the same quarter of the previous year.
Analysts' assessment points toward 'Segment Profit (loss)- Home Comfort Solutions' reaching $232.77 million. Compared to the present estimate, the company reported $228.50 million in the same quarter last year.
Over the past month, shares of Lennox have returned +10.8% versus the Zacks S&P 500 composite's +5.4% change. Currently, LII carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Countdown to Lennox (LII) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
Wall Street analysts expect Lennox International (LII - Free Report) to post quarterly earnings of $6.90 per share in its upcoming report, which indicates a year-over-year increase of 1%. Revenues are expected to be $1.48 billion, up 2.1% from the year-ago quarter.
The current level reflects an upward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
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 usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Lennox metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Net Sales- Building Climate Solutions' of $477.00 million. The estimate points to a change of +1.8% from the year-ago quarter.
The consensus estimate for 'Net Sales- Home Comfort Solutions' stands at $1.01 billion. The estimate suggests a change of +2.4% year over year.
Analysts forecast 'Segment Profit (loss)- Building Climate Solutions' to reach $111.22 million. Compared to the current estimate, the company reported $114.00 million in the same quarter of the previous year.
Analysts' assessment points toward 'Segment Profit (loss)- Home Comfort Solutions' reaching $232.77 million. Compared to the present estimate, the company reported $228.50 million in the same quarter last year.
View all Key Company Metrics for Lennox here>>>Over the past month, shares of Lennox have returned +10.8% versus the Zacks S&P 500 composite's +5.4% change. Currently, LII carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .