Why Are These Four Stocks Trending Today?

Lindsay Corporation (NYSE:LNN), a leading provider of infrastructure products and irrigation systems, is trending today after reporting first-quarter EPS of $0.62 on revenue of $121.62 million. Although the company’s sales missed estimates by $7.52 million, Lindsay’s EPS exceeded expectations by $0.07 per share. The strong dollar and weak Brazilian economy had something to do with the top-line miss while better-than-expected gross margins of 28.3% (versus last year’s 27.4%) had a positive impact on the company’s profit. CEO Rick Parod said:

“The irrigation markets continue to be constrained by lower commodity prices, and foreign exchange rates continue to negatively affect international sales. While it appears we are at or near the bottom of the cycle, we expect the market environment will remain challenging at least through 2016. We do not expect to have visibility into the primary selling season until February or March. Longer term, drivers for the Companys markets of population growth, expanded food production, efficient water use, and infrastructure upgrades and expansion, support our expectation for growth.”

A total of 11 funds from our database owned shares of  Lindsay Corporation (NYSE:LNN) at the end of the third quarter, down by two from the end of the second quarter.

Although it didn’t report quarterly earnings, Bed Bath & Beyond Inc. (NASDAQ:BBBY) shares are down substantially due to the company issuing disappointing third-quarter guidance. For the quarter, Bed Bath & Beyond Inc. (NASDAQ:BBBY) now expects net sales growth of 0.3% year-over-year, off substantially from its previous guidance of 1.8%-4%, and EPS in the range of $1.07-$1.10, down from the previous guidance of $1.14-$1.21. Sales were weak because comparable store sales declined 0.4% year-over-year.

CEO Steven Temares said:

“Our performance in the third quarter reflects the recent trends we have been experiencing. On the one hand we experienced softer in-store transaction counts, and on the other hand sales from our customer-facing digital channels demonstrated strong growth, in excess of 25%. These mixed results were also impacted by the overall softness reported in the macro-retail environment during the quarter. As the retail environment continues to evolve, we remain focused on positioning our Company for long-term success.”

Disclosure: none