Can Lincoln Electric (LECO) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Lincoln Electric Holdings (LECO) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts raising earnings estimates [1][2]. Estimate Revisions - The upward trend in earnings estimate revisions reflects growing analyst optimism regarding Lincoln Electric's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, the earnings estimate is $2.31 per share, representing a year-over-year increase of +7.9%, with a 5.15% increase in the Zacks Consensus Estimate over the last 30 days [6]. - For the full year, the expected earnings are $9.52 per share, indicating a year-over-year change of +2.5% [7]. - The trend for the current year shows five estimates moving higher with no negative revisions, leading to a 5.2% increase in the consensus estimate [8]. Zacks Rank - Lincoln Electric has achieved a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts in raising earnings estimates, which historically correlates with stock price outperformance [9]. - Stocks with Zacks Rank 1 and 2 have significantly outperformed the S&P 500, suggesting a favorable investment environment for Lincoln Electric [9]. Stock Performance - The stock has gained 6.9% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [10].