Here's Why Lincoln Electric Should Be In Your Portfolio Now
Zacks Investment Research | May 15, 2017 09:47PM ET
Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) , full-line manufacturer and reseller of welding and cutting products, have been performing well of late. The stock has yielded a solid one-year return of around 51.5%. If you haven’t taken advantage of the share price appreciation yet, the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead. The Zacks Rank #1 (Strong Buy) stock has an estimated long-term earnings growth rate of 9.90%.
Estimates Northbound
Estimates for Lincoln Electric have moved up in the past 30 days, reflecting the optimistic outlook of analysts. The earnings estimate for second-quarter fiscal 2017, fiscal 2017 and fiscal 2018 have all gone up in the past 30 days.
For second-quarter fiscal 2017, the Zacks Consensus Estimate for earnings has gone up 12% in the past 30 days and is pegged at 93 cents, depicting a year-over-year growth of 12.20%. The estimate for fiscal 2017 has gone up 5% to $3.66, reflecting a year-over-year growth of 11.25%. The Zacks Consensus Estimate for earnings for fiscal 2018 has also moved north 4% to $4.03, a year-over-year growth of 9.99%.
Positive Earnings Surprise History
Lincoln Electric has an impressive earnings surprise history. The company has outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 4.66%.
Ahead of the Industry
In the last two years, Lincoln Electric has outperformed the Zacks classified Zacks Investment Research
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