Lincoln Electric Q2 sales rise 12%, beat estimates
LECO•Key figures and analyst context
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Beat | $1.22 bln | $1.17 bln (8 Analysts) |
| Q2 Adjusted EPS | Beat | $2.93 | $2.81 (10 Analysts) |
| Q2 EPS | $2.88 | ||
| Q2 Net Income | $158.50 mln |
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell".
The average consensus recommendation for the industrial machinery & equipment peer group is "buy".
Wall Street's median 12-month price target for Lincoln Electric Holdings Inc is $310.00, about 20.2% above its July 29 closing price of $257.99.
The stock recently traded at 22 times next 12-month earnings versus a P/E of three months ago.
