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Compared to Estimates, Linde (LIN) Q3 Earnings: A Look at Key Metrics
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Linde (LIN - Free Report) reported $8.16 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 7.3%. EPS of $3.63 for the same period compares to $3.10 a year ago.
The reported revenue represents a surprise of -5.77% over the Zacks Consensus Estimate of $8.65 billion. With the consensus EPS estimate being $3.57, the EPS surprise was +1.68%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Linde performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales- EMEA: $2.11 billion compared to the $2.23 billion average estimate based on three analysts.
Sales- APAC: $1.64 billion compared to the $1.71 billion average estimate based on three analysts. The reported number represents a change of -1.3% year over year.
Sales- Other: $315 million versus $313.33 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -35.7% change.
Sales- Americas: $3.63 billion versus $3.80 billion estimated by three analysts on average.
Sales- Engineering: $467 million compared to the $597.61 million average estimate based on three analysts. The reported number represents a change of -43.6% year over year.
Shares of Linde have returned -2.1% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Linde (LIN) Q3 Earnings: A Look at Key Metrics
Linde (LIN - Free Report) reported $8.16 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 7.3%. EPS of $3.63 for the same period compares to $3.10 a year ago.
The reported revenue represents a surprise of -5.77% over the Zacks Consensus Estimate of $8.65 billion. With the consensus EPS estimate being $3.57, the EPS surprise was +1.68%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Linde performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales- EMEA: $2.11 billion compared to the $2.23 billion average estimate based on three analysts.
- Sales- APAC: $1.64 billion compared to the $1.71 billion average estimate based on three analysts. The reported number represents a change of -1.3% year over year.
- Sales- Other: $315 million versus $313.33 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -35.7% change.
- Sales- Americas: $3.63 billion versus $3.80 billion estimated by three analysts on average.
- Sales- Engineering: $467 million compared to the $597.61 million average estimate based on three analysts. The reported number represents a change of -43.6% year over year.
View all Key Company Metrics for Linde here>>>Shares of Linde have returned -2.1% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.