What Does Wall Street See for Lincoln Electric Holdings' Q2?
Lincoln Electric Holdings (NAS: LECO) is expected to report Q2 earnings on July 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Lincoln Electric Holdings's revenues will improve 14.6% and EPS will increase 26.5%.
The average estimate for revenue is $801.5 million. On the bottom line, the average EPS estimate is $0.86.
Last quarter, Lincoln Electric Holdings reported revenue of $727.1 million. GAAP reported sales were 21% higher than the prior-year quarter's $599.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.76. GAAP EPS of $0.76 for Q1 were 38% higher than the prior-year quarter's $0.55 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 29.6%, 270 basis points better than the prior-year quarter. Operating margin was 12.6%, 260 basis points better than the prior-year quarter. Net margin was 8.8%, 100 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $3.12 billion. The average EPS estimate is $3.25.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 363 members out of 370 rating the stock outperform, and seven members rating it underperform. Among 116 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 115 give Lincoln Electric Holdings a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lincoln Electric Holdings is outperform, with an average price target of $53.50.
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The article What Does Wall Street See for Lincoln Electric Holdings' Q2? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.