Earnings Preview: Lindsay
Portfolio Pulse from Benzinga Insights
Lindsay Corporation (NYSE:LNN) is scheduled to release its quarterly earnings report on January 4, 2024. Analysts predict an EPS of $1.27. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Lindsay's stock price has shown volatility post-earnings, with a 5.69% drop after beating EPS last quarter. Over the past year, LNN shares have declined by 21.11%, indicating potential concern among long-term shareholders ahead of the earnings announcement.
January 03, 2024 | 2:01 pm
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Lindsay Corporation is expected to report an EPS of $1.27 in its upcoming earnings. Despite past earnings beats, the stock has experienced post-earnings volatility, with a notable 5.69% drop last quarter. Shares have decreased by 21.11% over the last year, which may influence investor sentiment.
The short-term impact on LNN's stock price is uncertain due to mixed historical reactions to earnings reports. While an earnings beat could positively influence the stock, the recent trend of declines post-earnings and the overall negative performance over the past year could temper any gains. The importance is high as earnings are a significant event for investors, but confidence is not at the maximum due to the unpredictability of market reactions.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100