Lindsay Corp reports results for the quarter ended May 31 - Earnings Summary

• Lindsay Corp LNN.N reported quarterly adjusted earnings of $1.78​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of $1.85. The mean expectation of four analysts for the quarter was for earnings of $1.41 per share. Wall Street expected results to range from $1.34 to $1.53 per share.

• Revenue rose 21.7% to $169.46 million from a year ago; analysts expected $157.87 million.

• Lindsay Corp's reported EPS for the quarter was $1.78​.

• The company reported quarterly net income of $19.5 million.

• Lindsay Corp shares had risen by 8.5% this quarter and gained 16.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the heavy machinery & vehicles peer group is also "buy"

• Wall Street's median 12-month price target for Lindsay Corp is $139.00, about 1.2% above its last closing price of $137.29

This summary was machine generated from LSEG data June 26 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)