
Lennox International (LII) Stock Forecast & Price Target
Lennox International (LII) Analyst Ratings
Bulls say
Lennox International is positioned for a positive outlook in fiscal 2024, with consensus estimates projecting revenues of $1.47 billion, reflecting a 3% year-over-year growth. The company is benefiting from favorable market conditions, including the ending of destocking, anticipated lower interest rates, and an increase in home sales, which are expected to drive revenue growth across its residential HVAC, commercial HVAC, and Heatcraft refrigeration segments. Additionally, the company is likely to experience margin expansion due to continued factory productivity improvements and potential share gains in parts and emergency replacement markets.
Bears say
Lennox International reported a 23% volume decline in its Home Comfort segment, which exceeded expectations, primarily due to distributor destocking, sluggish residential construction activity, and an increased focus on repairs rather than replacements in a challenging consumer environment. The company's guidance revisions indicate a projected operating margin stagnation for both HVAC segments into 2025, compounded by an anticipated overall volume decline of 11%, reflecting ongoing market headwinds. Furthermore, Lennox's reduced earnings per share guidance from $23.25-$24.25 to $22.75-$23.25 signals a concerning outlook, particularly with expectations of approximately 20% decrementals for the entire business in the fourth quarter of 2025.
This aggregate rating is based on analysts' research of Lennox International and is not a guaranteed prediction by Public.com or investment advice.
Lennox International (LII) Analyst Forecast & Price Prediction
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