Stock Story -
Climate control solutions innovator Lennox International (NYSE:LII) will be reporting results tomorrow before market open. Here's what you need to know.
Lennox met analysts' revenue expectations last quarter, reporting revenues of $1.05 billion, flat year on year. It was an ok quarter for the company, with a decent beat of analysts' earnings estimates but a miss of analysts' organic revenue estimates.
Is Lennox a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Lennox's revenue to grow 4.8% year on year to $1.48 billion, improving from the 3.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $6.57 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 Q2 results, giving us a hint as to what we can expect. Apogee's revenues decreased 8.3% year on year, meeting analysts' expectations, and Simpson reported flat revenue, falling short of estimates by 1.8%. Apogee traded up 6.6% following the results.
Read the full analysis of Apogee's and Simpson's results on StockStory.
There has been positive sentiment among investors in the building products segment, with share prices up 6.5% on average over the last month. Lennox is up 2.4% during the same time and is heading into earnings with an average analyst price target of $526.8 (compared to the current share price of $560.56).