Agricultural and farm machinery company Lindsay will report its second-quarter earnings this Thursday before the market opens. The market expects Lindsay's revenue to be flat year on year, a slowdown from the 21.7% increase recorded in the same quarter last year. Last quarter, the company reported revenues of $157.7 million, down 15.7% year on year, missing analysts' expectations on revenue, adjusted operating income, and EPS. Analysts have generally reconfirmed their estimates over the last 30 days, indicating they expect the business to remain on course. Lindsay's stock has risen 12.4% over the last month, outperforming the average 6.1% gain in the heavy machinery segment.
Lindsay CorporationRevenue expected flat year on year, a slowdown from 21.7% growth last year, and last quarter missed expectations on revenue, income, and EPS.