For its first fiscal quarter (ending November 30), Lindsay Corp (NYSE: LNN) has reported a -18% decline in E.P.S. from $1.66 a year ago to $1.36 in the current quarter. However, this performance was $0.09 better than the consensus estimate of $1.27. E.P.S. were $6.28 for the latest four quarters through November 30 versus $6.90 for the same period a year ago — a decline of -9%.
Recent Price Action
On 1/4/24, Lindsay Corp (NYSE: LNN) stock enjoyed a very large increase of 6.9%, closing at $131.24. Moreover, unusually high trading volume at 166% of normal accompanied the advance. The stock has declined -1.6% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, LNN is expected to continue to be a Value Builder.
Lindsay has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Lindsay has a slightly negative Appreciation Score of 36 and a neutral Power Rating of 53, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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