Lindsay Q3 2024 GAAP EPS $1.85 Beats $1.17 Estimate, Sales $139.200M Miss $144.363M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lindsay (NYSE:LNN) reported Q3 2024 GAAP EPS of $1.85, beating the estimate of $1.17 by 58.12%. However, sales were $139.2M, missing the $144.363M estimate and showing a 15.41% decrease from the same period last year.
June 27, 2024 | 10:48 am
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NEUTRAL IMPACT
Lindsay's Q3 2024 earnings per share significantly beat expectations, but sales missed estimates and declined year-over-year.
While Lindsay's EPS beat expectations significantly, the miss on sales and the year-over-year decline in revenue could create mixed reactions in the market. Investors may be concerned about the declining sales trend, which could offset the positive EPS news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100