Latest news with #LCI
Yahoo
21-07-2025
- Automotive
- Yahoo
Will LCI (LCII) Beat Estimates Again in Its Next Earnings Report?
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering LCI (LCII), which belongs to the Zacks Automotive - Original Equipment industry. When looking at the last two reports, this recreational vehicle parts supplier has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 36.72%, on average, in the last two quarters. For the most recent quarter, LCI was expected to post earnings of $2.19 per share, but it reported $1.55 per share instead, representing a surprise of 41.29%. For the previous quarter, the consensus estimate was $0.28 per share, while it actually produced $0.37 per share, a surprise of 32.14%. Price and EPS Surprise For LCI, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. LCI has an Earnings ESP of +4.62% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss. Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report LCI Industries (LCII) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Global News
17-07-2025
- Business
- Global News
Feds sue contractor for $60M over ‘catastrophic' Kingston bridge failure
A legal battle is escalating between a construction firm and the federal government over the 'catastrophic failure' of a historic lift bridge in Kingston, Ont. Landform Civil Infrastructures Inc. (LCI), the company originally hired to repair the LaSalle Causeway, filed an $8-million lawsuit against Ottawa in March, accusing federal officials of breaching their contract and falsely blaming the firm for the collapse. Now, the federal government is firing back and seeking more than $60 million in damages through a newly-filed counterclaim. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy In court documents obtained by Global News, Public Services and Procurement Canada (PSPC) accuses LCI of multiple failures, including improper work sequencing, inadequate bracing, and not submitting key engineering calculations before the bridge buckled during repairs in spring 2024. The incident forced the complete demolition of the bridge, shut down marine traffic in Kingston's harbour for weeks, and triggered the installation of a temporary crossing, according to the court documents. Story continues below advertisement Ottawa's claim calls LCI's work 'defective and of no value,' alleging that the damage was a direct result of the contractor's negligence. They also estimate future costs for a new permanent solution at around $30 million. PSPC also claims it paid LCI more than $7.5 million for work that never resulted in a functioning bridge. In its original lawsuit, LCI alleged it had followed the approved plan and was wrongly scapegoated. It is seeking compensation for unpaid invoices, lost business opportunities, and legal fees. Sigma Risk Management, the engineering firm named in the original lawsuit and tasked with assessing the collapse, has not yet responded in court. None of the allegations from either side have been proven in court and the case is still ongoing.
CBC
15-07-2025
- Business
- CBC
Federal government files $60M counterclaim against LaSalle Causeway contractor
The Canadian government is countersuing the contractor it hired to repair the LaSalle Causeway lift bridge in Kingston, Ont., for $60 million and counting. In a statement of defence filed in response to a lawsuit brought by Landform Civil Infrastructures Inc. (LCI), lawyers for the Attorney General argue the company caused a "catastrophic failure" that resulted in the demolition of the century-old crossing. "Any damages suffered by LCI were a consequence of its own failure to properly perform the Work," the 34-page document states. The government says its losses are still adding up and a total will be provided before trial, but the $60-million figure includes more than $7.5 million paid out to LCI for the rehabilitation project, which "failed to result in an operating lift bridge." There's also $1.6 million to tear down the span and another $3.4 million for the temporary crossing now in place, along with a minimum of $15 million to regularly remove it so boats can pass through in the meantime, plus an estimated $30 million for a permanent replacement. The government blames contractual breaches by LCI for causing part of the bridge to buckle, resulting in work that was "defective and of no value." While officials were told the damage could potentially be fixed, the necessary repairs risked outlasting the 2024 boating season, reducing the bridge's lifespan and ultimately resulting in a bridge that no longer lifts. "Canada specifically denies that LCI had any right, contractual or otherwise, to require Canada to permit it to try to repair the catastrophic damage to the Bridge that it and its servants and agents caused," the document reads. LCI says report 'incorrectly' laid blame The statement of defence comes after the contractor filed a lawsuit worth more than $8 million against the government and Sigma Risk, an engineering firm hired by the government to determine what caused the damage. In its statement of claim, LCI alleged Canada is withholding payment and "improperly" told third parties the company was responsible for the buckling that resulted in the bridge being torn down. The contractor also argued Sigma Risk "negligently" and "incorrectly" determined it was at fault. Those actions hurt the company's reputation, made it miss out on other jobs and amounted to defamation, according to court documents filed Jan. 2. Sigma Risk has filed a notice of intent to defend itself against LCI's lawsuit. The latest court filings are part of a flurry of claims as parties involved in the project try to recoup losses and level blame. The claims include several from subcontractors who allege LCI owes them a combined $1.6 million. None of the allegations, including those in the government's defence, have been tested in court. The lift bridge stood for more than a century before it was damaged on March 30, 2024, then torn down last June. Thousands of motorists cross the causeway between downtown Kingston and the city's eastern suburbs each day. It remained closed to traffic for more than six months, resulting in regular traffic jams and financial losses estimated in the millions for businesses and local tourism operators. Engineer's report found supports were removed As previously reported by CBC, Sigma Risk's analysis found workers tasked with repairing the bridge removed steel lacing that acted as a critical support from both the top and bottom of a steel truss supporting its massive counterweight, weakening the truss to less than half its strength and causing it to buckle. That document, obtained through access to information laws, concluded deviation from the work procedure — failure to follow directions in the prescribed order — contributed to the bridge failure. It also found the work was missing a "necessary step," and that plans for the project did not show extra bracing would be needed after the supports were pulled off. In its statement of defence, the federal government denies it designed the work procedure for the project, and argues LCI was responsible for maintaining structural stability of all parts of the truss during the project. It goes on to allege the contractor failed to submit calculation packages stamped by two professional engineers before starting work on the piece of the bridge that buckled. However, the federal lawyers also included a cross-claim as part of their defence, stating if the court determines Sigma Risk negligently misrepresented the cause of the buckling, Canada should be protected from liability and the engineering firm should contribute to any amounts it's found to owe LCI. The government is asking for the contractor's lawsuit, its counterclaim and cross-claim to be tried at the same time.
DW
11-07-2025
- Politics
- DW
Iran confirms arrest of missing Franco-German cyclist – DW – 07/11/2025
Iran says it detained an 18-year-old Franco-German tourist who was on a bicycle tour of the world for an unspecified crime. Berlin and Paris have warned of politically motivated detentions, urging citizens to stay away. Iranian authorities have confirmed that a teenage Franco-German bicycle tourist who vanished in Iran in mid-June has been arrested. Both France and Germany have repeatedly criticized Iran for arresting and detaining European citizens on what they say are politically motivated or dubious charges. Iranian Foreign Minister Abbas Araghtschi told French newspaper that the young man was "detained for committing a crime," without providing details of the alleged offense. He said the French embassy had been informed and that the French charge d'affaires visited the detainee, identified as 18-year-old Lennart Monterlos. Araghtschi said Monterlos's case would now proceed "in accordance with Iranian law." French media had previously reported the disappearance of Monterlos, who was on a round-the-world cycling trip when contact with him was lost. It was confirmed last Sunday by French diplomatic sources According to a search appeal posted on Instagram, Monterlos's family last heard from him on June 16. French Prime Minister Francois Bayrou called on Tehran not to "persecute the innocent who are sometimes unaware of the risks they face." Speaking to French broadcaster LCI, he added: "We are not talking further about it to not create difficulty for or imperil the outcome of this affair." France advises its citizens against traveling to Iran, accusing Tehran of "hostage diplomacy." Western nations suspect Iran of detaining their citizens as bargaining chips for concessions, especially on its nuclear program and the lifting of economic sanctions on the Islamic Republic. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Bayrou reiterated the government's travel warning in a TV interview, urging all French citizens not to visit Iran and to respect official guidance — which Monterlos, he said, had "mocked." Iran is holding two other French nationals, academics Cecile Kohler, 40, and Jacques Paris, 72, on charges of spying for Israel. The pair, who could face the death penalty, were arrested on May 7, 2022, at the end of a holiday in Iran. Last week, French President Emmanuel Macron warned that Iran could face "retaliation measures" if the two are not released. The German Foreign Office in Berlin also warns against traveling to Iran and urges any Germans still in the country to leave. In particular, the Foreign Office warns in its security guidance of the "clear risk of arbitrary arrest, interrogation, and lengthy prison sentences." In late June, Iran acknowledged on Saturday that another German cyclist had been detained and held for more than a year. The individual was held on allegations of spying. Earlier this year, Iran released German-Iranian women's rights activist Nahid Taghavi, who was imprisoned for over four years of a 10-year sentence for "propaganda against the state." Taghavi, who lived in the German city of Cologne, was a vocal advocate of democratic and, particularly, women's rights in Iran. She was detained while visiting Iran in 2020.
Euronews
11-07-2025
- Politics
- Euronews
Iran detains Franco-German cycling tourist Lennart Monterlos
Lennart Monterlos, an 18-year-old Franco-German dual national who was cycling from Europe to Japan, has been detained in Iran, Tehran authorities confirmed on Thursday. In an interview with French newspaper Le Monde, Iran's Foreign Minister Abbas Araghchi stated that the young man had been "detained for committing an offence," without disclosing further details. He added that the country's French embassy had been officially notified of the detention of the French citizen, who is from the eastern French city of Besançon. Pressed on the issue, the French Foreign Ministry stated that it was in contact with Iranian authorities regarding its citizen's condition, as well as with his family. Since 16 June, the young man's family and friends have been without updates from him, after the 18-year-old set off from the town of Varzaneh in central Iran to travel to the desert located east of Isfahan. Until then, Monterlos had been documenting his trip on social media, sharing his last Instagram post on 15 June. "Day 152 of the France-Japan cycling adventure. Today, I'm in Iran and I'm leaving comfort for a crazy adventure in the desert and the heat to discover the sand dunes near Varzaneh," he told his followers. In May, Monterlos declared that he planned to cross Iran, Afghanistan and Pakistan, telling his followers, "At 18 years old, I am going to cross the world's most dangerous countries (...) am I brave or oblivious?" France urges citizens to respect travel advisory Responding to news of Monterlos' detention, French Prime Minister François Bayrou urged countries "not to persecute innocent people who are sometimes unaware of the risks they face", in an interview with French broadcaster LCI on Thursday evening. Despite this, Bayrou urged young travellers to respect travel instructions, which he said the young cyclist had "made a mockery of". In a now-deleted social media video, while praising Iran's beauty and local hospitality, Monterlos took a jibe at Western media for supposedly fear-mongering about the dangers of travelling to Iran. The French prime minister added that French authorities would refrain from further commenting on the case, in a bid not to "jeopardise the outcome of the situation". Two other French nationals, Cécile Kohler and Jacques Paris, were charged with "spying for Israel" in early July, after having been detained by Iran for more than three years. French diplomatic sources responded by branding the charges as "totally unfounded". Human rights groups accuse Tehran of carrying out a policy of hostage diplomacy, using Europeans and dual nationals as "bargaining chips" to facilitate its negotiations with the West. According to estimates from NGO Hostage Aid Worldwide, around 15 Europeans and dual nationals from Sweden, France, Switzerland, Cyprus, Germany and the UK are imprisoned in Iran.
