Lennox (LII) Reports Q3 Earnings: What Key Metrics Have to Say
Lennox International (LII) reported $1.37 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 9.8%. EPS of $5.37 for the same period compares to $4.10 a year ago.
The reported revenue represents a surprise of +6.75% over the Zacks Consensus Estimate of $1.28 billion. With the consensus EPS estimate being $4.73, the EPS surprise was +13.53%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Lennox performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Residential Heating & Cooling: $896.30 million compared to the $843.68 million average estimate based on 12 analysts. The reported number represents a change of +7.3% year over year.
Net Sales- Commercial Heating & Cooling: $405.50 million versus $393.25 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +60.3% change.
Net Sales- Corporate and other: $64.50 million versus the nine-analyst average estimate of $54.94 million.
Segment Profit (loss)- Residential Heating & Cooling: $181.40 million versus $160.11 million estimated by 12 analysts on average.
Segment Profit (loss)- Corporate and other: -$23.40 million versus -$22.91 million estimated by 12 analysts on average.
Segment Profit (loss)- Commercial Heating & Cooling: $97.30 million versus the 12-analyst average estimate of $83.94 million.
View all Key Company Metrics for Lennox here>>>
Shares of Lennox have returned -9.4% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Lennox International, Inc. (LII) : Free Stock Analysis Report
