
Lindsay (LNN) Stock Forecast & Price Target
Lindsay (LNN) Analyst Ratings
Bulls say
Lindsay Corp reported a year-over-year increase of 1.2% in North American irrigation revenues, reaching $69.1 million, supported by stable unit sales volume and slightly increased average selling prices. Notably, international irrigation revenue surged by 60.2% year-over-year, primarily driven by significant projects in the MENA region and enhanced sales in South America, which position the company favorably within the growing global market for water resource management. Additionally, the infrastructure segment experienced a 5.6% revenue growth, reflecting strong demand for road safety products, further diversifying Lindsay's revenue streams and enhancing its overall financial outlook.
Bears say
Lindsay Corp faces a challenging outlook primarily due to weak grain prices and negative cash flows in the agricultural sector, which has adversely affected banker confidence and may lead to decreased demand for its irrigation products. Furthermore, the company has reported lower operating income and operating margins, attributed to a less favorable revenue mix in its Infrastructure segment, specifically related to Road Zipper™ products. Additional risks include the potential inability to pass through increased steel prices and an overall decrease in end market demand, which could further pressure profitability.
This aggregate rating is based on analysts' research of Lindsay and is not a guaranteed prediction by Public.com or investment advice.
Lindsay (LNN) Analyst Forecast & Price Prediction
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