
Agricultural and farm machinery company Lindsay (NYSE: LNN) will be reporting earnings this Thursday morning. Here’s what to expect.
Lindsay beat analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $153.6 million, flat year on year. It was a slower quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.
Is Lindsay a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Lindsay’s revenue to be flat year on year at $167.6 million, slowing from the 3.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.48 per share.

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 three 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, there has been positive investor sentiment in the segment, with share prices up 5.4% on average over the last month. Lindsay is up 5.1% during the same time and is heading into earnings with an average analyst price target of $131 (compared to the current share price of $124.19).
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