Lindsay Earnings: Here’s Why Shares are Down Now

Lindsay Corporation (NYSE:LNN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 5.9%.

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Lindsay Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 50% to $1.5 in the quarter versus EPS of $1.00 in the year-earlier quarter.

Revenue: Rose 32.82% to $175.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Lindsay Corporation reported adjusted EPS income of $1.5 per share. By that measure, the company beat the mean analyst estimate of $1.3. It beat the average revenue estimate of $163.26 million.

Quoting Management: Rick Parod, president and chief executive officer, commented, “Irrigation order volumes remained extremely robust throughout the first quarter as drought conditions combined with positive farmer sentiment, farm incomes and commodity prices continued into fiscal 2013. Infrastructure sales were disappointing, although we remain optimistic that we will see improving trends over the course of the year.”

Key Stats (on next page)…

Revenue increased 19.09% from $147.37 million in the previous quarter. EPS increased 30.43% from $1.15 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.56 to a profit $1.61. For the current year, the average estimate has moved up from a profit of $4.18 to a profit of $4.85 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)