
Lindsay (LNN) Stock Forecast & Price Target
Lindsay (LNN) Analyst Ratings
Bulls say
Lindsay Corp has demonstrated a solid performance in its irrigation segment, with North American revenues increasing by 1.2% year-over-year, reaching $69.1 million, while international irrigation revenue saw a significant growth of 60.2% largely due to a major project in the MENA region and increased sales in South America. The company's average selling prices have shown slight improvements, and the breakdown of unit sales volume indicates a strong focus on replacement and conversion products. Additionally, the infrastructure segment achieved a 5.6% year-over-year revenue increase, primarily driven by demand for road safety products, further solidifying Lindsay's robust financial outlook.
Bears say
Lindsay Corp's financial outlook is negatively impacted by weak grain prices and negative farm cash flows, which have diminished banker confidence and may result in reduced demand for its irrigation products, a major revenue source. Additionally, the company has reported lower operating income and margins, attributed to an unfavorable revenue mix from its Road Zipper™ products compared to the prior year. The potential inability to manage increased steel costs and overall market demand further exacerbates the risks to Lindsay's financial performance.
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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