Climate control solutions innovator Lennox International (NYSE: LII) will be reporting earnings tomorrow before market hours. Here’s what to expect.
Lennox beat analysts’ revenue expectations by 8.9% last quarter, reporting revenues of $1.35 billion, up 16.5% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ organic revenue estimates and a solid beat of analysts’ EPS estimates.
Is Lennox a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Lennox’s revenue to decline 2% year on year to $1.03 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $3.25 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. Lennox has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Lennox’s peers in the building products segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Insteel delivered year-on-year revenue growth of 26.1%, beating analysts’ expectations by 7.2%, and Valmont reported flat revenue, falling short of estimates by 0.6%. Insteel traded up 13.9% following the results.
Read our full analysis of Insteel’s results here and Valmont’s results here.
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