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 sees its 50-day moving average cross bearishly below its 200-day moving average
The 50-day moving average for LNN moved below the 200-day moving average on March 27, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where LNN's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
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 of 62 cases within the following month. The odds of a continued downward trend are .
LNN broke above its upper Bollinger Band on April 08, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for LNN entered a downward trend on April 15, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 23, 2024. You may want to consider a long position or call options on LNN as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for LNN just turned positive on April 18, 2024. Looking at past instances where LNN's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
LNN moved above its 50-day moving average on April 29, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LNN advanced for three days, in of 323 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (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 SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock slightly better than average.
The Tickeron Valuation Rating of (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 (2.732) is normal, around the industry mean (2.077). P/E Ratio (18.501) is within average values for comparable stocks, (24.607). Projected Growth (PEG Ratio) (1.867) is also within normal values, averaging (2.737). Dividend Yield (0.012) settles around the average of (0.055) among similar stocks. P/S Ratio (1.939) is also within normal values, averaging (118.379).
The Tickeron Price Growth Rating for this company is (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.
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Fundamental Analysis Ratings
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General Information
a provider of proprietary water management and road infrastructure products and services
Industry TrucksConstructionFarmMachinery