Lennox International (LII) reported $1.05 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 3.6%. EPS of $2.83 for the same period compares to $2.36 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.02 billion, representing a surprise of +2.40%. The company delivered an EPS surprise of +16.94%, with the consensus EPS estimate being $2.42.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: $681 million compared to the $676.78 million average estimate based on 11 analysts. The reported number represents a change of -0.2% year over year.
Net Sales- Commercial Heating & Cooling: $308.70 million compared to the $207.39 million average estimate based on four analysts. The reported number represents a change of +64.5% year over year.
Segment Profit (loss)- Corporate and other: -$19.40 million compared to the -$14.27 million average estimate based on 11 analysts.
Segment Profit (loss)- Residential Heating & Cooling: $111.10 million versus $102.97 million estimated by 11 analysts on average.
View all Key Company Metrics for Lennox here>>>
Shares of Lennox have returned +4.8% over the past month versus the Zacks S&P 500 composite's +2.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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