Lennox International, Inc. (NYSE:LII) offers premium and innovative climate control products in the global ventilation, heating, refrigeration and air conditioning markets. Residential Heating & Cooking, Commercial Heating & Cooking and Refrigeration are the three major business segments of the company. The company’s innovation-based business growth strategy helps it strengthen its product portfolio and makes its operations more cost effective. However, certain industry-specific issues such as appreciating U.S. dollar and extensive business rivalry might partially offset the aforesaid positives and thus dampen LII's earnings.
LII has a positive average earnings surprise of 7.37% over the last four trailing quarters, beating estimates in all the four sessions.
Currently, LII has a Zacks Rank #3 (Hold), but that could definitely change after the release of its upcoming earnings report. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: LII’s adjusted earnings came in at 90 cents per share in first-quarter of 2017, above the Zacks Consensus Estimate of 77 cents per share.
Revenue: The company posted net sales of $793.4 million above the Zacks Consensus Estimate of $747 million.
Key Stats to Note: LII is poised to grow on the back of stronger demand, new investments and greater operational efficacy. The company reiterated its full-year 2017 adjusted earnings and revenue growth guidance. Whole-year adjusted earnings guidance range is $7.55-$8.15 per share. While, full-year revenue growth is anticipated to lie within 3-7% range. Notably, LII aims to repurchase stock worth $250 million by 2017-end.
Stock Price: As of Apr 21, 2017 LII’s closed the trading session at $172.43 per share.
Lennox International, Inc. Price and Consensus
Lennox International, Inc. Price and Consensus | Lennox International, Inc. Quote
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Lennox International, Inc. (LII): Free Stock Analysis Report
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