Oppenheimer analyst Noah Kaye maintains $Lennox International (LII.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 63.6% and a total average return of 14.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lennox International (LII.US)$'s main analysts recently are as follows:
Following the Q3 report, indications are that the company's Q4 guidance incorporates minimal pre-buy. Should a pre-buy materialize, projections for 2024 earnings leading into 2025 appear significantly more optimistic, implying a continued trend of positive revisions.
The company's Q3 results surpassed expectations significantly, owing to solid execution and a degree of market share gain.
The company's robust residential volume performance was instrumental in driving an increase in EPS and an elevation in the 2024 guidance. However, much of the focus remained on the anticipation of a pre-buy associated with A2L and the ensuing scenario analysis for the refrigerant transition slated for 2025.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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