Insights Into Lindsay (LNN) Q2: Wall Street Projections for Key Metrics

Wall Street analysts expect Lindsay (LNN) to post quarterly earnings of $1.89 per share in its upcoming report, which indicates a year-over-year increase of 15.2%. Revenues are expected to be $179.89 million, up 18.7% from the year-ago quarter.The current level reflects a downward revision of 3.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.In light of this perspective, let's dive into the average estimates of certain Lindsay metrics that are commonly tracked and forecasted by Wall Street analysts.The average prediction of analysts places 'Operating revenues- Infrastructure Segment' at $39.58 million. The estimate suggests a change of +113.9% year over year.The consensus estimate for 'Operating revenues- Irrigation Segment' stands at $140.32 million. The estimate suggests a change of +5.5% year over year.Analysts' assessment points toward 'Operating income- Irrigation Segment' reaching $22.82 million. The estimate compares to the year-ago value of $25.65 million.It is projected by analysts that the 'Operating income- Infrastructure Segment' will reach $10.85 million. The estimate compares to the year-ago value of $3.51 million.View all Key Company Metrics for Lindsay here>>>Over the past month, shares of Lindsay have returned -4.1% versus the Zacks S&P 500 composite's -6.2% change. Currently, LNN carries a Zacks Rank #2 (Buy), suggesting that it may outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lindsay Corporation (LNN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks