Lincoln Electric Holdings Q1 2024 Adj EPS $2.23 Beats $2.17 Estimate, Sales $981.197M Miss $1.039B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lincoln Electric Holdings (LECO) reported Q1 2024 adjusted EPS of $2.23, surpassing the $2.17 estimate, marking a 4.69% year-over-year increase. However, its sales of $981.197M fell short of the $1.039B estimate, a 5.56% decrease from the previous year.
April 25, 2024 | 11:33 am
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NEUTRAL IMPACT
LECO's Q1 2024 earnings beat estimates with an EPS of $2.23, but sales missed expectations, reporting $981.197M against a $1.039B forecast.
The positive earnings surprise could support investor confidence and potentially uplift LECO's stock price in the short term. However, the miss on sales forecasts could temper gains, as it may raise concerns about revenue growth and market demand. The mixed results lead to a neutral short-term impact score, reflecting the balancing act between the earnings beat and sales miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100