Recap: Lindsay Q1 Earnings
Portfolio Pulse from Benzinga Insights
Lindsay Corporation (NYSE:LNN) reported Q1 earnings with an EPS of $1.36, beating estimates by 7.09% but with a revenue decline of $14.80 million year-over-year. Despite beating last quarter's EPS estimate, the share price fell by 5.69% the following day. Historical earnings show a mixed performance with both beats and misses on EPS and revenue estimates.
January 04, 2024 | 11:55 am
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Lindsay Corporation reported a higher-than-expected Q1 EPS but faced a decline in revenue compared to last year. Historical data shows that past earnings beats did not prevent a share price drop the following day.
While LNN beat EPS estimates, the decline in revenue and historical share price drop post-earnings beat suggests a neutral short-term impact. Investors may have mixed reactions to the earnings beat and revenue decline.
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IMPORTANCE 75
RELEVANCE 100