Wall Street analysts forecast that Linde (LIN) will report quarterly earnings of $4.52 per share in its upcoming release, pointing to a year-over-year increase of 7.4%. It is anticipated that revenues will amount to $9.18 billion, exhibiting an increase of 6.5% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Linde metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts' assessment points toward 'Sales- EMEA' reaching $2.28 billion. The estimate indicates a year-over-year change of +4.5%.
Analysts expect 'Sales- APAC' to come in at $1.91 billion. The estimate points to a change of +9.5% from the year-ago quarter.
The consensus estimate for 'Sales- Other' stands at $365.52 million. The estimate indicates a change of +10.4% from the prior-year quarter.
It is projected by analysts that the 'Sales- Americas' will reach $4.11 billion. The estimate suggests a change of +7% year over year.
Based on the collective assessment of analysts, 'Sales- Engineering' should arrive at $543.08 million. The estimate suggests a change of +4.6% year over year.
According to the collective judgment of analysts, 'Operating Profit- Americas' should come in at $1.28 billion. The estimate compares to the year-ago value of $1.20 billion.
The consensus among analysts is that 'Operating Profit- EMEA' will reach $826.95 million. Compared to the current estimate, the company reported $781.00 million in the same quarter of the previous year.
Analysts predict that the 'Operating profit- Engineering' will reach $94.82 million. The estimate is in contrast to the year-ago figure of $101.00 million.
The collective assessment of analysts points to an estimated 'Operating profit- APAC' of $530.29 million. Compared to the current estimate, the company reported $490.00 million in the same quarter of the previous year.
View all Key Company Metrics for Linde here>>>Over the past month, shares of Linde have returned +8.3% versus the Zacks S&P 500 composite's -1.2% change. Currently, LIN carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Linde PLC (LIN): Free Stock Analysis Report
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