Lennox International (LII) upgraded to Buy by Zacks due to rising earnings estimates

From Nasdaq: 2024-12-25 12:00:11

Lennox International (LII) has been upgraded to a Zacks Rank #2 (Buy) due to an upward trend in earnings estimates. The Zacks rating system focuses on a company’s changing earnings picture, which can impact stock prices. Analysts have raised their estimates for Lennox, with a 3.8% increase in the Zacks Consensus Estimate over the past three months.

The Zacks rating system plays a crucial role in helping investors make decisions based on earnings estimate revisions. Institutional investors use earnings estimates to calculate fair value, leading to stock price movements. Rising earnings estimates for Lennox indicate an improving business trend, likely resulting in a higher stock price.

Empirical research shows a strong correlation between earnings estimate revisions and stock movements. The Zacks Rank stock-rating system, with an impressive track record, classifies stocks into five groups based on earnings estimates. Lennox is expected to earn $21.10 per share for the fiscal year ending December 2024, with analysts steadily raising their estimates.

The Zacks Top 10 Stocks for 2025 are set to be released on January 2, with a history of outperforming the S&P 500. The Zacks rating upgrade positions Lennox in the top 20% of Zacks-covered stocks, indicating a potential upward movement in the near term. Investors can benefit from following the Zacks Rank system for solid investment decisions.



Read more at Nasdaq: Lennox (LII) Upgraded to Buy: Here’s Why