Lincoln Electric Holdings (LECO Quick QuoteLECO - Free Report) reported $1.02 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.7%. EPS of $2.34 for the same period compares to $2.44 a year ago.

The reported revenue represents a surprise of +0.29% over the Zacks Consensus Estimate of $1.02 billion. With the consensus EPS estimate being $2.30, the EPS surprise was +1.74%.

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 Lincoln Electric performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Net Sales- The Harris Products Group

  : $133.99 million versus the five-analyst average estimate of $128.52 million. The reported number represents a year-over-year change of +2.9%.

• Net Sales- International Welding

  : $238.76 million versus the five-analyst average estimate of $236.15 million. The reported number represents a year-over-year change of -5.8%.

• Net Sales- Americas Welding

  : $648.94 million compared to the $660.25 million average estimate based on five analysts. The reported number represents a change of -4.1% year over year.

• Total Sales- The Harris Products Group

  : $137.26 million versus the three-analyst average estimate of $129.06 million. The reported number represents a year-over-year change of +3.2%.

• Total Sales- International Welding

  : $247.61 million versus $241.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -5.4% change.

• Inter-segment sales- Americas Welding

  : $37.80 million versus the three-analyst average estimate of $30.75 million. The reported number represents a year-over-year change of +22.5%.

• Inter-segment sales- International Welding

  : $8.85 million compared to the $7.85 million average estimate based on three analysts. The reported number represents a change of +6.7% year over year.

• Inter-segment sales- The Harris Products Group

  : $3.27 million versus $2.73 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +14.1% change.

• Total Sales- Americas Welding

  : $686.74 million versus $699.21 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3% change.

• Total Sales- Corporate and Elimination

  : -$49.92 million versus the three-analyst average estimate of -$41.33 million. The reported number represents a year-over-year change of +18.8%.

• Adjusted EBIT- Americas Welding

  : $136.65 million compared to the $132.82 million average estimate based on five analysts.

• Adjusted EBIT- Corporate/Eliminations

  : -$6.26 million compared to the -$2.37 million average estimate based on five analysts.

View all Key Company Metrics for Lincoln Electric here>>>

Shares of Lincoln Electric have returned +14.1% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.