Lindsay: Q1 Earnings Insights

Shares of Lindsay LNN decreased 0.3% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 15.58% year over year to $0.65, which missed the estimate of $0.75.

Revenue of $108,485,000 declined by 0.83% from the same period last year, which missed the estimate of $113,070,000.

Guidance

Lindsay hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Jan 07, 2021

Time: 11:00 AM

ET Webcast URL: https://dpregister.com/DiamondPassRegistration/register?confirmationNumber=10150648&linkSecurityString=df96767a98

Technicals

Company's 52-week high was at $138.67

Company's 52-week low was at $71.86

Price action over last quarter: Up 22.56%

Company Overview

Lindsay Corp provides a variety of proprietary water management and road infrastructure products and services. It has operations which are categorized into two major reporting segments namely Irrigation, and Infrastructure. The company generates maximum revenue from Irrigation segment. Its Irrigation segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, as well as various innovative technology solutions such as GPS positioning and guidance, variable rate irrigation, wireless irrigation management, M2M communication technology, and smartphone applications. Geographically, it derives a majority of revenue from the United States.