Summary:
- Lindsay Corporation's Q2 GAAP EPS exceeds expectations by $0.55, showcasing robust financial health.
- The company's revenue rises by 23.5% year-over-year, bolstered by a substantial MENA irrigation project.
- Analysts forecast a moderate upside potential for LNN with an "Outperform" consensus rating.
Lindsay Corporation (NYSE: LNN) has delivered an impressive financial performance in the second quarter, as reflected in its recent earnings report. With a GAAP EPS of $2.44, the company exceeded market expectations by $0.55. Moreover, Lindsay's revenue surged to $187.1 million, marking a significant 23.5% increase compared to the previous year and surpassing forecasts by $9.72 million. This growth is primarily driven by a substantial backlog of $127 million, fueled by a major irrigation project in the MENA region.
Wall Street Analysts' Price Targets
According to insights from two expert analysts, the average 12-month price target for Lindsay Corp (LNN, Financial) is estimated at $138.00. This average target represents a potential upside of 5.79% from Lindsay's current stock price of $130.45. The price target range spans from a high of $146.00 to a low of $130.00. For a comprehensive breakdown of these estimates, visit the Lindsay Corp (LNN) Forecast page.
Broader Market Recommendations
In terms of brokerage firm recommendations, Lindsay Corp (LNN, Financial) has an average rating of 2.5, signaling an "Outperform" stance. This consensus emerges from ratings by four prominent brokerage firms and reflects market confidence in Lindsay's operational strategy. The rating scale used ranges from 1 (Strong Buy) to 5 (Sell).
Evaluating Lindsay's GF Value
GuruFocus provides an estimated GF Value for Lindsay Corp (LNN, Financial) at $132.83 over the next year. This projection indicates a possible upside of 1.82% from the current stock price of $130.45. The GF Value metric is designed to estimate the fair value of a stock by considering historical multiples, the company's past growth trajectory, and future business performance projections. For more detailed insights, explore the Lindsay Corp (LNN) Summary page.
