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Lindsay (LNN) Q1 Earnings Report Preview: What To Look For

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Agricultural and farm machinery company Lindsay (NYSE: LNN) will be reporting results this Thursday before the bell. Here’s what to look for.

Lindsay missed analysts’ revenue expectations last quarter, reporting revenues of $155.8 million, down 6.3% year on year. It was a slower quarter for the company, with a significant miss of analysts’ revenue estimates.

Is Lindsay a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Lindsay’s revenue to decline 12% year on year, a reversal from the 23.5% increase it recorded in the same quarter last year.

Lindsay Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Lindsay has missed Wall Street’s revenue estimates multiple times over the last two years.

With Lindsay being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for heavy machinery stocks. However, the whole sector has faced a sell-off over the last month with stocks in Lindsay’s peer group down 9.8% on average. Lindsay is down 11.9% during the same time .

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