Lincoln Electric Holdings (NASDAQ: LECO) is set to announce its financial results for the third quarter of 2024 on Thursday 31st October 2024. This highly anticipated announcement is scheduled to take place before market open. Investors will have the opportunity to learn more about the company's performance during the quarter.
Wall Street financial experts forecast that the establishment is set to announce an expected $2.08 profit per share for the quarter. Moreover, the company is anticipated to disclose a total revenue of $990.87 million for this particular period.
Analysts forecasting the company's performance for this year have been made public. The estimated total revenue is about $4.01 billion. They also predict that throughout the course of the fiscal year, the business will make about profit of $8.81 per share.
When examining the corresponding quarter from the previous year, the company's earnings report highlighted a per-share income of $2.4. This results was derived from the company's total revenue, which reached an impressive $1.03 billion during same quarter.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $2.34 | -4.1% | 1.02 B | -3.7% |
| Q1 2024 | $2.23 | +4.7% | 981.20 M | -5.6% |
| Q4 2023 | $2.45 | +26.3% | 1.06 B | +13.8% |
| Q3 2023 | $2.40 | +17.6% | 1.03 B | +10.5% |
| Q2 2023 | $2.44 | +11.9% | 1.06 B | +9.4% |
| *Growth on year-over-year basis | ||||
Additionally, The company will host a conference call with investors and analysts on 31st October 2024 at 10:00 AM eastern time to review the Q3 2024 financial results.
The previous trading day saw Lincoln Electric Holdings (LECO) shares trading between $193.31 and $197.70, besides a volume of 211.60 thousand shares. The stock closed Tuesday's regular trading session at $197.08, indicating 0.63 percent increase.
