Lincoln Electric Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary
Lincoln Electric Holdings Inc LECO.OQ reported quarterly adjusted earnings of $2.14 per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $2.40. The mean expectation of eleven analysts for the quarter was for earnings of $2.08 per share. Wall Street expected results to range from $1.90 to $2.28 per share.
Revenue fell 4.8% to $983.76 million from a year ago; analysts expected $990.87 million.
Lincoln Electric Holdings Inc's reported EPS for the quarter was $1.77.
The company reported quarterly net income of $100.76 million.
Lincoln Electric Holdings Inc shares had risen by 2.7% this quarter and lost 9.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 7.5% in the last three months.
In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 4 "hold" and 2 "sell" or "strong sell."
The average consensus recommendation for the industrial machinery & equipment peer group is "hold."
Wall Street's median 12-month price target for Lincoln Electric Holdings Inc is $212.00
This summary was machine generated from LSEG data November 1 at 03:43 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Sep. 30 2024 | 2.08 | 2.14 | Beat |
Jun. 30 2024 | 2.29 | 2.34 | Beat |
Mar. 31 2024 | 2.17 | 2.23 | Beat |
Dec. 31 2023 | 2.18 | 2.45 | Beat |
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