Linde plc (LIN) will report its second quarter 2022 earnings before the opening bell on July 28. The company has beaten its previous estimates to report a profit of $3.08/share. In the past, Linde has reported earnings of $2.72/share, missing the Zacks Consensus Estimate by $0.04. Linde’s second quarter earnings beat the previous year’s consensus estimate by 8% to $3.07/share.
The stock’s performance is closely watched by hedge fund managers and individual traders who want to protect their portfolio from any potential losses. The stock’s performance can wipe out a trader’s portfolio if it is bearish. By predicting LIN’s performance, investors can protect their portfolio from such risks. A bearish earnings report can lead to a large loss for an investor. For this reason, you need to watch the stock’s price closely and make the necessary decisions.
Before investing in LIN, make sure to look at its fundamentals. First, find out the company’s market cap. A company’s market cap is important because it can influence its stock’s price. If the company is in the process of acquiring another company, the market cap will increase in value. This is because of LIN’s high growth rate. Besides generating revenue, LIN also makes money from the sale of its stock. The market cap of the company’s shares increases when earnings are higher.