Yahoo Finance Is a Beat in the Offing for Linde (LIN) in Q1 Earnings?
Linde LIN is set to report first-quarter 2023 results on Apr 27, before the opening bell.
In the last reported quarter, Linde’s earnings of $3.16 per share beat the Zacks Consensus Estimate of $2.91, owing to increased prices and volumes across all end markets.
The leading global industrial gases and engineering company beat the Zacks Consensus Estimate for earnings in each of the prior four quarters, delivering an earnings surprise of 5.87%, on average. This is depicted in the graph below:
Linde PLC Price and EPS Surprise
Linde PLC price-eps-surprise | Linde PLC Quote
Trend in Estimate Revision
The Zacks Consensus Estimate for its first-quarter earnings per share of $3.12 has witnessed two upward revisions in the past seven days. The estimated figure suggests an improvement of 6.48% from the prior-year reported number.
The consensus estimate for first-quarter revenues of $8.04 billion indicates a 2.1% decline from the year-ago reported figure.
Earnings Whispers
Our proven model predicts an earnings beat for Linde this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is just the case here, as elaborated below.
Earnings ESP: Linde’s Earnings ESP is +0.80%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Linde currently carries a Zacks Rank #2.
Factors to Consider
Industrial production in the United States increased in the March quarter from the year-ago period. Since Linde produces industrial gases used across numerous industries, the company is likely to have generated handsome profit from its Americas business unit. The Zacks Consensus Estimate for its first-quarter 2023 operating profit from the Americas unit is pegged at $984 million, suggesting an increase from $904 million reported in the first quarter of 2022.
Other Stocks to Consider
Here are a few other firms in the basic materials space that you may want to consider, as these also have the right combination of elements to post an earnings beat in the upcoming quarterly reports:
DuPont DD has an Earnings ESP of +1.77% and is a Zacks #3 Ranked player. You can see the complete list of today’s Zacks #1 Rank stocks here.
DuPont is scheduled to release first-quarter results on May 2. The Zacks Consensus Estimate for DD’s earnings is pegged at 81 cents per share.
Albemarle Corporation ALB has an Earnings ESP of +0.80% and a Zacks Rank of 3.
Albemarle is scheduled to report first-quarter results on May 3. The Zacks Consensus Estimate for its earnings is pegged at $6.93 per share, suggesting a massive year-over-year improvement.
FMC Corporation FMC has an Earnings ESP of +0.86% and a Zacks Rank #2.
FMC Corporation is scheduled to release first-quarter earnings on May 1. The Zacks Consensus Estimate for its earnings is pegged at $1.74 per share.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Albemarle Corporation (ALB) : Free Stock Analysis Report
FMC Corporation (FMC) : Free Stock Analysis Report
Linde PLC (LIN) : Free Stock Analysis Report
