Lindsay: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Lindsay (NYSE:LNN) reported Q3 earnings, missing estimated earnings by 28.84% with an EPS of $1.53 versus an estimate of $2.15. Revenue was down $49.71 million from the same period last year. Last quarter, the company beat EPS estimates but saw a 4.35% drop in share price the next day.
June 29, 2023 | 11:00 am
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NEGATIVE IMPACT
Lindsay's Q3 earnings missed estimates significantly and revenue was down YoY. This follows a pattern from last quarter where a beat on EPS led to a share price drop.
Lindsay's significant miss on earnings estimates and decrease in revenue YoY is likely to negatively impact investor sentiment and potentially lead to a drop in share price. This follows a pattern from last quarter where despite beating EPS estimates, the share price dropped.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100