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Lindsay (LNN, $146.29) beats Q2 earnings expectations
Lindsay Corporation posted earnings of $1.32 a share in second-quarter fiscal 2022 (ended as of Feb 28, 2022), exceeding the Zacks Consensus Estimate of $1.31. The EPS was +22% higher from the year-ago quarter.
The irrigation equipment company’s revenue surged +39% year-over-year to $200 million, beating the Zacks Consensus Estimate of $182 million.
Revenues from the Irrigation business climbed +52% year over year to around $181 million in the fiscal second quarter. North America irrigation revenues rose 26% from the year-ago quarter’s levels to $101 million, on the back of higher average selling prices. International irrigation sales surged +108% year over year to $80 million, largely owing to higher unit sales volumes and higher selling prices.
The Infrastructure segment revenues fell -23% year over year to $19 million on lower Road Zipper System sales and lease revenue.
The company’s backlog as of Feb 28, 2022, was $111 million compared with $101.4 million as of Feb 28, 2021.
LNN in downward trend: 10-day moving average crossed below 50-day moving average on April 29, 2022
The 10-day Moving Average for LNN crossed bearishly below the 50-day moving average on April 29, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 15 of 21 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 71%.
Current price $127.02 crossed the resistance line at $141.36 and is trading between $141.36 resistance and $120.08 resistance lines. Throughout the month of 04/12/22 - 05/13/22, the price experienced a -16% Downtrend. During the week of 05/06/22 - 05/13/22, the stock fell -1%.
The Momentum Indicator moved below the 0 level on April 22, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on LNN as a result. In 52 of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 59%.
LNN moved below its 50-day Moving Average on April 25, 2022 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where LNN declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 62%.
The Aroon Indicator for LNN entered a downward trend on May 09, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where LNN's RSI Indicator exited the oversold zone, 16 of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 67%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 14 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +4.60% 3-day Advance, the price is estimated to grow further. Considering data from situations where LNN advanced for three days, in 233 of 340 cases, the price rose further within the following month. The odds of a continued upward trend are 69%.
LNN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 80%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.02.
The Tickeron Price Growth Rating for this company is 77 (best 1 - 100 worst), indicating slightly worse than average price growth. LNN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 49 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 47 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 43 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.914) is normal, around the industry mean (2.549). P/E Ratio (30.395) is within average values for comparable stocks, (61.377). LNN's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.424). Dividend Yield (0.010) settles around the average of (0.039) among similar stocks. P/S Ratio (2.056) is also within normal values, averaging (166.960).
The Tickeron Profit vs. Risk Rating rating for this company is 32 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 73, placing this stock better than average.
The Tickeron Seasonality Score of 22 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The industry designs and builds agricultural, construction and other large commercial and transportation equipment. Tractors, planters and harvesters, as well as rock-crushing, railroad, demolition and other construction implements are produced by this industry. Rapid urbanization and industrialization has been bolstering the expansion of the construction sector in the past few decades, thereby boosting demand for heavy equipment businesses. Caterpillar Inc., Deere & Company and Cummins Inc (Ex. Cummins Engine Inc) are some prominent companies in this industry.
The average market capitalization across the Trucks/Construction/Farm Machinery Industry is 8.5B. The market cap for tickers in the group ranges from 223.3K to 112.5B. DE holds the highest valuation in this group at 112.5B. The lowest valued company is OSRS at 223.3K.
The average weekly price growth across all stocks in the Trucks/Construction/Farm Machinery Industry was -1.95%. For the same Industry, the average monthly price growth was -4.67%, and the average quarterly price growth was -12.02%. CYLC experienced the highest price growth at 31.26%, while AUSTF experienced the biggest fall at -37.5%.
The average weekly volume growth across all stocks in the Trucks/Construction/Farm Machinery Industry was 4.37%. For the same stocks of the Industry, the average monthly volume growth was 64.43% and the average quarterly volume growth was 38%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA200MA50 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 45%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.15.
9 stocks in the group of tickers exhibit a similar negative trend based on the 15 indicator with an average likelihood of 74%.
The most notable companies in this group are Deere & Company (NYSE:DE), Caterpillar (NYSE:CAT).
The average market capitalization across the group is 9.2B. The market cap for tickers in the group ranges from 10M to 112.5B. DE holds the highest valuation in this group at 112.5B. The lowest valued company is CEAD at 10M.
The average weekly price growth across all stocks in the group was -2.88%. For the same group, the average monthly price growth was -5.42%, and the average quarterly price growth was -15.38%. AMMX experienced the highest price growth at 14.2%, while AUSTF experienced the biggest fall at -37.5%.
- 5/14/22 4:23 AM: Verra Mobility (VRRM, $14.88) was a top weekly gainer, with a +10.3% jump
- 5/12/22 5:38 AM: PACCAR (PCAR, $82.61) was a top loser this week, declining -5.76%
- 5/12/22 5:38 AM: Caterpillar (CAT, $205.21) was a top loser this week, declining -7.81%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the group was 68.86%. For the same stocks of the group, the average monthly volume growth was 111.19% and the average quarterly volume growth was 681.79%
- 3/16/22 5:06 AM: The volume for CEA Industries stock increased for four consecutive days, resulting in a record-breaking daily growth of 1,191% of the 65-Day Volume Moving Average
- 3/15/22 5:13 AM: The volume for CEA Industries stock increased for three consecutive days, resulting in a record-breaking daily growth of 1,543% of the 65-Day Volume Moving Average
- 3/12/22 7:58 AM: The volume for CEA Industries stock increased for two consecutive days, resulting in a record-breaking daily growth of 1,652% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
The most notable companies in this group are Deere & Company (NYSE:DE), Caterpillar (NYSE:CAT).
The industry designs and builds agricultural, construction and other large commercial and transportation equipment. Tractors, planters and harvesters, as well as rock-crushing, railroad, demolition and other construction implements are produced by this industry. Rapid urbanization and industrialization has been bolstering the expansion of the construction sector in the past few decades, thereby boosting demand for heavy equipment businesses. Caterpillar Inc., Deere & Company and Cummins Inc (Ex. Cummins Engine Inc) are some prominent companies in this industry.
The average market capitalization across the Trucks/Construction/Farm Machinery Industry is 8.5B. The market cap for tickers in the group ranges from 223.3K to 112.5B. DE holds the highest valuation in this group at 112.5B. The lowest valued company is OSRS at 223.3K.
The average weekly price growth across all stocks in the Trucks/Construction/Farm Machinery Industry was -1.95%. For the same Industry, the average monthly price growth was -4.67%, and the average quarterly price growth was -12.02%. CYLC experienced the highest price growth at 31.26%, while AUSTF experienced the biggest fall at -37.5%.
- 5/14/22 4:23 AM: Verra Mobility (VRRM, $14.88) was a top weekly gainer, with a +10.3% jump
- 5/12/22 5:38 AM: PACCAR (PCAR, $82.61) was a top loser this week, declining -5.76%
- 5/12/22 5:38 AM: Caterpillar (CAT, $205.21) was a top loser this week, declining -7.81%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the Trucks/Construction/Farm Machinery Industry was 4.37%. For the same stocks of the Industry, the average monthly volume growth was 64.43% and the average quarterly volume growth was 38%
- 3/16/22 5:06 AM: The volume for CEA Industries stock increased for four consecutive days, resulting in a record-breaking daily growth of 1,191% of the 65-Day Volume Moving Average
- 3/15/22 5:13 AM: The volume for CEA Industries stock increased for three consecutive days, resulting in a record-breaking daily growth of 1,543% of the 65-Day Volume Moving Average
- 3/12/22 7:58 AM: The volume for CEA Industries stock increased for two consecutive days, resulting in a record-breaking daily growth of 1,652% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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