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Linde (LIN) Outpaces Stock Market Gains: What You Should Know
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Linde (LIN - Free Report) closed the most recent trading day at $388.91, moving +0.48% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.18%. Meanwhile, the Dow gained 0.33%, and the Nasdaq, a tech-heavy index, lost 0.02%.
Coming into today, shares of the gas supplier had gained 1.65% in the past month. In that same time, the Basic Materials sector lost 4.67%, while the S&P 500 lost 1.63%.
Wall Street will be looking for positivity from Linde as it approaches its next earnings report date. In that report, analysts expect Linde to post earnings of $3.58 per share. This would mark year-over-year growth of 15.48%. Our most recent consensus estimate is calling for quarterly revenue of $8.7 billion, down 1.1% from the year-ago period.
LIN's full-year Zacks Consensus Estimates are calling for earnings of $14.06 per share and revenue of $33.51 billion. These results would represent year-over-year changes of +14.4% and +0.44%, respectively.
It is also important to note the recent changes to analyst estimates for Linde. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Linde is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Linde is holding a Forward P/E ratio of 27.53. This represents a premium compared to its industry's average Forward P/E of 15.02.
We can also see that LIN currently has a PEG ratio of 2.63. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Chemical - Specialty was holding an average PEG ratio of 2.63 at yesterday's closing price.
The Chemical - Specialty industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 198, which puts it in the bottom 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Linde (LIN) Outpaces Stock Market Gains: What You Should Know
Linde (LIN - Free Report) closed the most recent trading day at $388.91, moving +0.48% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.18%. Meanwhile, the Dow gained 0.33%, and the Nasdaq, a tech-heavy index, lost 0.02%.
Coming into today, shares of the gas supplier had gained 1.65% in the past month. In that same time, the Basic Materials sector lost 4.67%, while the S&P 500 lost 1.63%.
Wall Street will be looking for positivity from Linde as it approaches its next earnings report date. In that report, analysts expect Linde to post earnings of $3.58 per share. This would mark year-over-year growth of 15.48%. Our most recent consensus estimate is calling for quarterly revenue of $8.7 billion, down 1.1% from the year-ago period.
LIN's full-year Zacks Consensus Estimates are calling for earnings of $14.06 per share and revenue of $33.51 billion. These results would represent year-over-year changes of +14.4% and +0.44%, respectively.
It is also important to note the recent changes to analyst estimates for Linde. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Linde is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Linde is holding a Forward P/E ratio of 27.53. This represents a premium compared to its industry's average Forward P/E of 15.02.
We can also see that LIN currently has a PEG ratio of 2.63. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Chemical - Specialty was holding an average PEG ratio of 2.63 at yesterday's closing price.
The Chemical - Specialty industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 198, which puts it in the bottom 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.