Lincoln Electric Holdings Earnings Preview
Lincoln Electric Holdings (NAS: LECO) will try to beat its earnings estimates for the fifth consecutive quarter. The company will unveil its latest earnings on Tuesday, April 24. Lincoln Electric Holdings is a manufacturer and reseller of welding and cutting products. Those welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes, and fluxes.
What analysts say:
- Buy, sell, or hold?: Analysts strongly back Lincoln Electric Holdings, with four of six rating it a buy and the remainder rating it a hold. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared to three months ago.
- Revenue Forecasts: On average, analysts predict $702.3 million in revenue this quarter. That would represent a rise of 17.2% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $0.67 per share. Estimates range from $0.55 to $0.70.
What our community says:
CAPS All-Stars are strongly supporting the stock, with 100% awarding it an "outperform" rating. The greater community concurs with the All-Stars, as 98.1% give it a rating of "outperform." Lincoln Electric Holdings has a bullish CAPS rating of five out of five stars that is about on par with the Fool community assessment.
Lincoln Electric Holdings' profit has risen year-over-year by an average of 70.8% over the past five quarters.
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