Lincoln Electric Holdings (LECO) Is Up 2.59% in One Week: What You Should Know

Company Overview - Lincoln Electric Holdings (LECO) currently has a Momentum Style Score of B, indicating a positive outlook based on recent price trends and earnings estimate revisions [3][12] - The company is recognized for manufacturing specialized welding products and other equipment, positioning it as a solid momentum pick [4][12] Performance Metrics - LECO shares have increased by 28.81% over the past quarter and 21.3% over the last year, significantly outperforming the S&P 500, which moved 11.66% and 15.86% respectively during the same periods [7] - Over the past week, LECO shares rose by 2.59%, while the Zacks Manufacturing - Tools & Related Products industry saw a slight increase of 2.9% [6] - The monthly price change for LECO is 11.49%, compared to the industry's performance of only 0.28% [6] Trading Volume - The average 20-day trading volume for LECO is 347,084 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, three earnings estimates for LECO have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $9.05 to $9.17 [10] - For the next fiscal year, three estimates have also moved upwards without any downward revisions, indicating a positive earnings outlook [10]