Lindsay Corporation Reports Higher-Than-Expected Earnings Despite Missed Revenue Projection

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Lindsay Corporation ($NYSE:LNN), a publically traded company on the Nasdaq, recently reported higher-than-expected earnings despite missing their revenue projections. The company reported GAAP earnings per share (EPS) of $1.63, surpassing expectations by $0.10. Revenue for the quarter was reported at $166.24M, however this figure fell short of market analysts’ estimates by $26.38M. Lindsay Corporation is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology.

Despite missing their revenue projection, Lindsay Corporation was able to report higher-than-expected earnings, a feat which is no easy accomplishment in the current financial climate. The company’s shares rose significantly following the news, making it one of the few stocks to see an increase in value in the past quarter. Although the company did not meet its revenue goal this quarter, the higher-than-expected earnings suggest that Lindsay has a bright future ahead.

Price History

On Tuesday, LINDSAY CORPORATION reported higher-than-expected earnings despite missing their projected revenue target. The stock initially opened at $141.1, but by the closing bell, had plunged by 11.5% to $133.8 from the previous closing price of 151.3. This caused the company’s market value to drop significantly from the day before.

Despite this, the company was able to report earnings that beat analyst expectations for the quarter. This is a positive sign for the company going forward, as it indicates that its core business is still performing well. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Lindsay Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Lindsay Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Lindsay Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Lindsay Corporation are shown below. More…

Analysis

At GoodWhale, we recently took a look at the financials from LINDSAY CORPORATION and conducted an analysis to assess their risk rating. Our analysis concluded that LINDSAY CORPORATION is a medium risk investment in terms of financial and business aspects. In addition to our financial assessment, we also reviewed the non-financial aspects of LINDSAY CORPORATION and identified two risk warnings in the balance sheet. If you are interested in learning more about these risk warnings, please register with us at GoodWhale and we’ll be happy to share the details with you. More…

Peers

The Company operates through three segments: Irrigation, Infrastructure, and Industrial. The Irrigation segment offers a wide range of center pivot, lateral move, and hose reel irrigation systems that are designed to meet the specific water application needs of agriculture customers. The Infrastructure segment provides precast concrete pipe and manhole products used in sewer, water, and storm drainage applications. The Industrial segment offers steel pipes for various water-related applications, including oil and gas gathering, water transmission, mining, and agricultural drainage.

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Summary

Lindsay Corporation is a publically traded company that provides solutions to infrastructure development and agricultural needs. Recently, their GAAP earnings per share of $1.63 beat analysts’ expectations by $0.10, however their revenue of $166.24M missed estimates by $26.38M. This caused the stock price to move down on the same day of the announcement.

For investors, Lindsay Corporation can be seen as a riskier play as the company’s earnings tend to be unpredictable and their stock is highly volatile. Those looking for higher returns may find appeal in the stock, however it is important to research the company thoroughly before investing.