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Lindsay (LNN) Q2 Earnings Report Preview: What To Look For

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Agricultural and farm machinery company Lindsay (NYSE: LNN) will be reporting results this Thursday before the bell. Here’s what to expect.

Lindsay missed analysts’ revenue expectations last quarter, reporting revenues of $157.7 million, down 15.7% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income and EPS estimates.

Is Lindsay a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Lindsay’s revenue to be flat year on year, slowing from the 21.7% increase it recorded in the same quarter last year.

Lindsay Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Lindsay has missed Wall Street’s revenue estimates multiple times over the last two years.

With Lindsay being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for heavy machinery stocks. However, there has been positive investor sentiment in the segment, with share prices up 6.1% on average over the last month. Lindsay is up 12.4% during the same time .

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