Lindsay Corporation (NYSE:LNN) is reporting fourth quarter financial results on Thursday 22nd October 2020, before market open.
According to analysts surveyed by Thomson Reuters, LNN is expected to report 4Q20 income of $ 0.99 per share from revenue of $ 116.92 million.
For the full year, analysts anticipate top line of $ 463.21 million, while looking forward to income of $ 3.19 per share bottom line.
Previous Quarter Performance
Lindsay Corporation unveiled income for the third quarter of $ 0.93 per share, from the revenue of $ 123.11 million. The quarterly earnings extended 86.00 percent compared with the same quarter last year. Street analysts expected Lindsay Corporation to report income of $ 0.88 per share on revenue of $ 123.52 million for the third quarter. The bottom line results beat street analysts by $ 0.05 or 5.68 percent, at the same time, top line results fell short of analysts by $ 0.41 million or 0.33 percent.
Stock Performance
Shares of Lindsay Corporation traded up $ 1.90 or 1.81 percent on Wednesday, reaching $ 107.01 with volume of 14.60 thousand shares. The stock opened positive for the day at $ 105.76, after closing the previous day trading at $ 105.11.
According to the previous trading day, closing price of $ 105.11, representing a 46.27 % increase from the 52 week low of $ 71.86 and a 5.95 % decrease over the 52 week high of $ 111.76.
The company has a market capital of $ 1.16 billion and is part of the Industrials sector and Farm & Construction Equipment industry.
Conference Call
Lindsay Corporation will be hosting a conference call at 11:00 AM eastern time on 22nd October 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lindsay.com
Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The companys Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot and Greenfield brands; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems under the GrowSmart brand. This segment also offers repair and replacement parts for irrigation systems and controls; and M2M communication technology solutions, data acquisition and management systems, and custom electronic equipment under the Elecsys brand.
