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Lennox (LII) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, Lennox International (LII - Free Report) reported revenue of $1.45 billion, up 2.8% over the same period last year. EPS came in at $6.83, compared to $6.15 in the year-ago quarter.
The reported revenue represents a surprise of -1.37% over the Zacks Consensus Estimate of $1.47 billion. With the consensus EPS estimate being $6.55, the EPS surprise was +4.27%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Lennox performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Building Climate Solutions: $468.80 million versus $460.69 million estimated by 14 analysts on average.
Net Sales- Home Comfort Solutions: $982.30 million versus $1 billion estimated by 14 analysts on average.
Segment Profit (loss)- Corporate and other: -$24 million versus the 14-analyst average estimate of -$25.74 million.
Segment Profit (loss)- Building Climate Solutions: $114 million versus the 14-analyst average estimate of $114.59 million.
Segment Profit (loss)- Home Comfort Solutions: $228.50 million compared to the $217.20 million average estimate based on 14 analysts.
Shares of Lennox have returned +6% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Lennox (LII) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, Lennox International (LII - Free Report) reported revenue of $1.45 billion, up 2.8% over the same period last year. EPS came in at $6.83, compared to $6.15 in the year-ago quarter.
The reported revenue represents a surprise of -1.37% over the Zacks Consensus Estimate of $1.47 billion. With the consensus EPS estimate being $6.55, the EPS surprise was +4.27%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Lennox performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Building Climate Solutions: $468.80 million versus $460.69 million estimated by 14 analysts on average.
- Net Sales- Home Comfort Solutions: $982.30 million versus $1 billion estimated by 14 analysts on average.
- Segment Profit (loss)- Corporate and other: -$24 million versus the 14-analyst average estimate of -$25.74 million.
- Segment Profit (loss)- Building Climate Solutions: $114 million versus the 14-analyst average estimate of $114.59 million.
- Segment Profit (loss)- Home Comfort Solutions: $228.50 million compared to the $217.20 million average estimate based on 14 analysts.
View all Key Company Metrics for Lennox here>>>Shares of Lennox have returned +6% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.