Deere & Company (DE): Lindsay Corporation (LNN) Earnings: An Early Look

Earnings season is just about over, with almost all companies already having reported their quarterly results. But there are still a few companies left to report, and Lindsay Corporation (NYSE:LNN) is about to release its quarterly earnings report. The key to making smart investment decisions with stocks releasing their quarter reports is to anticipate how they’ll do before they announce results, leaving you fully prepared to respond quickly to whatever inevitable surprises arise. That way, you’ll be less likely to make an uninformed knee-jerk reaction to news that turns out to be exactly the wrong move.

Lindsay Corporation (NYSE:LNN) makes irrigation systems for agricultural use, and given last summer’s drought, the company’s products have moved into the limelight in a big way lately. Can the Omaha-based company take advantage of the opportunity it has to grow? Let’s take an early look at what’s been happening with Lindsay Corporation (NYSE:LNN) over the past quarter and what we’re likely to see in its quarterly report on Wednesday.

Stats on Lindsay

Analyst EPS Estimate $1.30
Change From Year-Ago EPS 30%
Revenue Estimate $163.3 million
Change From Year-Ago Revenue 24%
Earnings Beats in Past 4 Quarters 3

Source: Yahoo! Finance.

Will Lindsay make its earnings grow this quarter?
Analysts have upgraded their estimates on Lindsay Corporation (NYSE:LNN) substantially in recent months, boosting their calls for the most-recent quarter by $0.18 per share and pushing up full-year fiscal 2013 earnings-per-share estimates by $0.67, or more than 15%. The company’s stock has responded in kind, rising more than 20% since mid-December.

Lindsay Corporation (NYSE:LNN)’s business may sound simple, but its equipment is both innovative and essential for farmers, especially in drier areas. With its quarter-mile-radius apparatus and pinpoint-precision water application methods, Lindsay is able to get 90% of available water into the soil, versus just 50% for flood irrigation and other more traditional methods.