Linde Gears Up to Report Q3 Earnings: What's in the Offing?

Linde plc LIN is set to report third-quarter 2025 results on Oct. 31, before the opening bell.

Let us delve into the factors that are likely to have influenced the performance of this global industrial gas producer. However, before that, it would be worth reviewing LIN’s performance in the previous quarter.

Highlights of Q2 Earnings & Surprise History

In the last reported quarter, Linde’s earnings of $4.09 per share beat the Zacks Consensus Estimate of $4.03, driven by higher pricing and increased volumes from the Americas segment and EMEA segment.

Linde’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 1.08%. This is depicted in the graph below: 

Linde PLC Price and EPS Surprise

Linde PLC price-eps-surprise | Linde PLC Quote

The Zacks Consensus Estimate for third-quarter earnings per share is pegged at $4.18, with one upward and no downward revision in the past 30 days. The bottom-line estimate implies an improvement of 6.09% from the figure reported in the prior-year quarter.

The Zacks Consensus Estimate for third-quarter revenues of $8.6 billion indicates a year-over-year improvement of 2.93%. 

Factors to Note

Linde is a global leader in the production of industrial gases, such as oxygen, hydrogen, nitrogen and others that cater to a variety of end markets, including healthcare, manufacturing, and chemicals & refining.

The company is expected to have sustained a stable performance in the to-be-reported quarter, supported by its long-term contracts with major on-site clients. Linde’s operations in resilient end markets, such as healthcare and food and beverages, are expected to have aided its growth across various business cycles.

However, challenges are likely to have loomed due to macroeconomic headwinds, particularly in Europe, which may have resulted in weaker demand for its products. While Linde may have witnessed growth across resilient end markets, softer industrial activity is anticipated to have dampened growth across cyclical end markets such as metals, manufacturing and energy in Europe. The company’s performance is also likely to have been affected by softened industrial activity in Australia, resulting in reduced demand.

The Zacks Consensus Estimate for operating profit in the Americas segment is pegged at $1.22 billion, up from $1.15 billion in the third quarter of 2024.

The Zacks Consensus Estimate for operating profit from the Engineering business unit is pegged at $91 million, down from $108 million recorded a year ago.

These factors are anticipated to have affected demand and pricing dynamics, potentially hampering Linde’s quarterly performance.

Earnings Whispers

Our proven model does not predict an earnings beat for Linde this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you will see below.

Earnings ESP: Linde’s Earnings ESP is -1.30%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: The company currently carries a Zacks Rank #3.

Stocks to Consider

Here are some stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.

Kinross Gold Corporation KGC is one of the top 10 gold mining companies in the world. The company currently has an Earnings ESP of +13.46% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Kinross is scheduled to release third-quarter 2025 earnings on Nov. 4. The Zacks Consensus Estimate for KGC’s earnings is pegged at 33 cents per share, indicating a 37.5% increase from the prior-year reported figure.

CSW Industrials CSW is a diversified industrial growth company that caters to multiple end markets. Its product offerings include mechanical products for heating, ventilation, plumbing products, specialty lubricants and sealants, among many others. CSW currently has an Earnings ESP of +1.10% and a Zacks Rank #3.

CSW Industrials is scheduled to release third-quarter 2025 earnings on Oct. 30. The Zacks Consensus Estimate for earnings is pegged at $2.73 per share, which indicates an increase of 20.8% from the prior-year reported figure.

Silvercorp Metals SVM is involved in the acquisition, exploration and development of mineral properties in China. The company has an Earnings ESP of +3.85% and a Zacks Rank #3.

Silvercorp is scheduled to release third-quarter 2025 earnings on Nov. 6. The Zacks Consensus Estimate for earnings is pegged at 9 cents per share, flat year over year. 

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This article originally published on Zacks Investment Research (zacks.com).

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