Analyzing Lindsay Corporation’s Upcoming Q3 Earnings Call
June 23, 2023
🌥️Lindsay Corporation is set to release its Q3 earnings results on June 29th, 2023 at 11:00 AM EST. In anticipation of the earnings call, let’s take a closer look at the data available to generate a comprehensive analysis of the company.
Fundamental Analysis:
| ReportDate | NetIncome | TotalRevenue | DilutedEPS | unit | |
|---|---|---|---|---|---|
| Q2 | 2023-02-28 | 18.1 | 166.2 | 1.63 | million USD |
| Q1 | 2022-11-30 | 18.2 | 176.2 | 1.65 | million USD |
| Q4 | 2022-08-31 | 17.9 | 190.2 | 1.62 | million USD |
| Q3 | 2022-05-31 | 25.1 | 214.3 | 2.28 | million USD |
| Q2 | 2022-02-28 | 14.6 | 200.1 | 1.32 | million USD |
Lindsay Corporation, a global leader in providing water management and road infrastructure solutions, has had a steady financial performance in the past year. The company’s Q2 2023 net income was reported to be 18.1 million USD with 166.2 million USD in total revenue. For Q1 2022 and Q4 2022, the net income was 18.2 million USD and 17.9 million USD respectively with total revenue of 176.2 million USD and 190.2 million USD respectively. Lindsay Corporation‘s DilutedEPS for these quarters were reported to be 1.65, 1.62, and 1.63 respectively.
Technical Analysis:
| since | low | high | change | change% | |
|---|---|---|---|---|---|
| 1D | 2023-06-21 | 127.3 | 132.1 | 2.5 | 2.0 |
| 5D | 2023-06-14 | 123.6 | 132.1 | 6.8 | 5.5 |
| 1M | 2023-05-19 | 116.7 | 132.1 | 11.9 | 10.0 |
| 3M | 2023-03-20 | 116.2 | 152.2 | -12.6 | -8.8 |
The past three months have seen Lindsay Corporation‘s stock price in an upward trend with a high of 132.1 USD and a low of 127.3 USD as on June 21st, 2023. This indicates that the company’s market capitalization has increased by 2.5 USD during the day and by 5.5% in the last five days. When compared to its performance over one month ago, the company’s market capitalization has increased by 10% indicating that there is positive sentiment surrounding the stock price.
Historical Guidance:
Based on Lindsay Corporation‘s historical earnings data, its Q3 2022 EPS was reported at 2.28 which was higher than its Q4 2022 EPS of 1.62. This indicates that there is an increase in EPS from Q4 2022 to Q3 2022. However, analysts should pay attention to Q2 2023 in order to further understand the company’s performance as the company’s EPS was reported to be 1.63.
Analysts Estimates:
According to MorningStar consensus estimates history on Lindsay Corporation EPS for this quarter, the adjusted EPS estimate is currently at 2.18 as of June 22nd, 2023. The estimate has been steady for the past seven days, thirty days, and sixty days which indicates that there have been no changes in market sentiment. It should be noted, however, that the adjusted EPS estimate has decreased from 2.51 which was reported ninety days ago.
In conclusion, Lindsay Corporation has had a positive upward trend in its market capitalization in the past three months with steady financial performance in the past year. Historical guidance indicates an increase in EPS from Q4 2022 to Q3 2022 and a possible further increase in EPS when compared to Q2 2023. Analysts’ estimates suggest that the market’s mood has remained unchanged over the past several weeks regarding the company’s earnings call.
Investors and analysts who wish to gain a deeper understanding of the company’s performance should tune in to the earnings call which will be held on June 29th, 2023 at 11:00 AM EST. The positive market sentiment suggests that analysts should pay close attention to Lindsay Corporation‘s future prospects. As a global leader in water management and road infrastructure solutions, Lindsay Corporation‘s earnings call will likely provide valuable insights into its operations and outlook for the future.
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