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Curious about Lennox (LII) Q3 Performance? Explore Wall Street Estimates for Key Metrics
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Wall Street analysts forecast that Lennox International (LII - Free Report) will report quarterly earnings of $7.01 per share in its upcoming release, pointing to a year-over-year increase of 4.9%. It is anticipated that revenues will amount to $1.51 billion, exhibiting an increase of 0.7% compared to the year-ago quarter.
The current level reflects a downward revision of 2.1% 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.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements 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.
Given this perspective, it's time to examine the average forecasts of specific Lennox metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Net Sales- Building Climate Solutions' to reach $488.56 million. The estimate points to a change of +5% from the year-ago quarter.
The combined assessment of analysts suggests that 'Net Sales- Home Comfort Solutions' will likely reach $1.05 billion. The estimate indicates a year-over-year change of +1.9%.
The consensus estimate for 'Segment Profit (loss)- Building Climate Solutions' stands at $118.92 million. The estimate compares to the year-ago value of $105.90 million.
Analysts expect 'Segment Profit (loss)- Home Comfort Solutions' to come in at $239.59 million. The estimate compares to the year-ago value of $226.50 million.
Shares of Lennox have demonstrated returns of -3.3% over the past month compared to the Zacks S&P 500 composite's +0.7% change. With a Zacks Rank #4 (Sell), LII is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Curious about Lennox (LII) Q3 Performance? Explore Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Lennox International (LII - Free Report) will report quarterly earnings of $7.01 per share in its upcoming release, pointing to a year-over-year increase of 4.9%. It is anticipated that revenues will amount to $1.51 billion, exhibiting an increase of 0.7% compared to the year-ago quarter.
The current level reflects a downward revision of 2.1% 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.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements 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.
Given this perspective, it's time to examine the average forecasts of specific Lennox metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Net Sales- Building Climate Solutions' to reach $488.56 million. The estimate points to a change of +5% from the year-ago quarter.
The combined assessment of analysts suggests that 'Net Sales- Home Comfort Solutions' will likely reach $1.05 billion. The estimate indicates a year-over-year change of +1.9%.
The consensus estimate for 'Segment Profit (loss)- Building Climate Solutions' stands at $118.92 million. The estimate compares to the year-ago value of $105.90 million.
Analysts expect 'Segment Profit (loss)- Home Comfort Solutions' to come in at $239.59 million. The estimate compares to the year-ago value of $226.50 million.
View all Key Company Metrics for Lennox here>>>Shares of Lennox have demonstrated returns of -3.3% over the past month compared to the Zacks S&P 500 composite's +0.7% change. With a Zacks Rank #4 (Sell), LII is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .