Analyst Consensus ?
ConsensusHold28 ratings
Bullish932.1%
Neutral1553.6%
Bearish414.3%
1 unmapped firm rating excluded from the percentages.
Lennox International Inc. · LII · FY2026 Q2 · Calendar Q3 2026
Lennox lowers EPS outlook as residential demand weakens
Lennox's commercial growth, acquisition expansion, and product investment support the longer-term growth case, but Q2 evidence is mixed: residential weakness lowered EPS guidance and creates a near-term test for margin recovery.
Reported Before market openNYSEIndustrials
$12.85B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$7.72
Consensus $7.67
EPS surprise
+0.7%
Reported versus consensus
Reported revenue
$1.55B
Consensus $1.56B
Revenue surprise
-0.9%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-21.0%
Event window
SPY move
-1.5%
Same window
Abnormal move
-19.4%
Stock minus SPY
Volume
4.4×
Versus trailing sessions
Subsequent drift
-8.4%
Up to 20 sessions
LIISPY benchmark
Ask FN2 about LII FY2026 Q2
Transcript, numbers and history already loaded
Why did LII fall 21.0% after beating EPS estimates in FY2026 Q2?What changed in LII's guidance and outlook in FY2026 Q2?Give me the bull and bear case for LII after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The key change was a lower full-year adjusted EPS outlook, alongside a reduction in expected Home Comfort Solutions growth. Commercial momentum remained strong, residential volume weakened, and Lennox completed the Comfort-Aire and Century acquisition.
Guidance delta
Full-year adjusted EPS guidance was lowered to $23-$24; HCS growth is now expected at about 1% versus 4% previously, while overall revenue growth remains about 8%.
Key takeaways
- Q2 revenue grew 3%, while adjusted EPS was flat at $7.72.
- Building Climate Solutions revenue grew 24%, supported by national accounts and emergency replacement.
- One-step residential volume declined 12%, driving pressure on absorption and margins.
- Comfort-Aire and Century acquisitions are expected to be EPS-accretive in 2027.
Management priorities
- Expand commercial emergency-replacement and national-account share
- Invest in heat-pump innovation and direct-to-dealer capabilities
- Improve margins through integration, logistics synergies, and SG&A efficiency
Follow LII with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$372.34Current
$238Low
$493.07Average
$675High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 23, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Deutsche Bank | Hold | Buy | Downgrade | Sep 14, 2026 |
| Morgan Stanley | Underweight | Underweight | Maintain | Sep 3, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Jul 31, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Jul 30, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Apr 30, 2026 |
| Barclays | Overweight | Overweight | Maintain | Apr 30, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Mar 5, 2026 |
| JP Morgan | Underweight | Underweight | Maintain | Jan 16, 2026 |
| Wolfe Research | Peer Perform | Underperform | Upgrade | Nov 13, 2025 |
| UBS | Neutral | Neutral | Maintain | Oct 27, 2025 |
| Mizuho | Neutral | Neutral | Maintain | Oct 17, 2025 |
| Baird | Neutral | Neutral | Maintain | Jul 17, 2025 |
| Stephens & Co. | Overweight | Overweight | Maintain | Mar 7, 2025 |
| Keybanc | Overweight | Downgrade | Oct 15, 2024 | |
| TD Cowen | Buy | Buy | Maintain | Jun 21, 2024 |
| William Blair | Outperform | Market Perform | Upgrade | Jul 13, 2023 |
| Credit Suisse | Underperform | Underperform | Maintain | Oct 28, 2022 |
| Cowen & Co. | Outperform | Market Perform | Upgrade | Jul 8, 2022 |
| Vertical Research | Sell | Hold | Downgrade | Jun 1, 2021 |
| Seaport Global | Neutral | Buy | Downgrade | Jul 21, 2020 |
| Buckingham Research | Neutral | Neutral | Maintain | Oct 8, 2019 |
| Buckingham | Neutral | Neutral | Maintain | Oct 8, 2019 |
| Stifel Nicolaus | Hold | Hold | Maintain | Apr 24, 2018 |
| Stifel | Hold | Hold | Maintain | Apr 24, 2018 |
| Susquehanna | Neutral | Positive | Downgrade | Aug 15, 2016 |
| Longbow Research | Neutral | Buy | Downgrade | Nov 19, 2015 |
| Nomura | Neutral | Buy | Downgrade | Apr 21, 2015 |
| MKM Partners | Buy | Neutral | Upgrade | Apr 22, 2014 |
| Global Hunter Securities | Buy | Accumulate | Maintain | Jul 23, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $372.34. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Deutsche Bank | Analyst unavailable | $444 | $366.04 | +19.2% | Sep 14, 2026 |
| Morgan Stanley | Christopher Snyder | $375 | $376.35 | +0.7% | Sep 3, 2026 |
| Goldman Sachs | Joe Ritchie | $547 | $417.45 | +46.9% | Jul 31, 2026 |
| RBC Capital | Deane Dray | $469 | $417.4 | +26.0% | Jul 30, 2026 |
| Oppenheimer | Noah Kaye | $650 | $544.11 | +74.6% | Apr 30, 2026 |
| Robert W. Baird | Analyst unavailable | $550 | $517.62 | +47.7% | Apr 30, 2026 |
| Vertical Research | Analyst unavailable | $600 | $517.62 | +61.1% | Apr 30, 2026 |
| Barclays | Analyst unavailable | $597 | $517.62 | +60.3% | Apr 30, 2026 |
| BNP Paribas | Analyst unavailable | $535 | $517.88 | +43.7% | Apr 14, 2026 |
| Morgan Stanley | Analyst unavailable | $450 | $495.08 | +20.9% | Feb 1, 2026 |
| Goldman Sachs | Analyst unavailable | $592 | $495.08 | +59.0% | Jan 31, 2026 |
| RBC Capital | Deane Dray | $534 | $490.76 | +43.4% | Jan 29, 2026 |
| Oppenheimer | Analyst unavailable | $630 | $482.84 | +69.2% | Jan 29, 2026 |
| Robert W. Baird | Analyst unavailable | $572 | $487.49 | +53.6% | Jan 29, 2026 |
| Mizuho Securities | Analyst unavailable | $525 | $487.49 | +41.0% | Jan 29, 2026 |
| RBC Capital | Deane Dray | $563 | $520.04 | +51.2% | Jan 15, 2026 |
| Barclays | Julian Mitchell | $667 | $519.85 | +79.1% | Jan 7, 2026 |
| UBS | Analyst unavailable | $530 | $503.89 | +42.3% | Jan 5, 2026 |
| Barclays | Julian Mitchell | $680 | $505.78 | +82.6% | Dec 11, 2025 |
| Wells Fargo | Joseph O'Dea | $525 | $500.01 | +41.0% | Dec 4, 2025 |
| UBS | Damian Karas | $560 | $506.75 | +50.4% | Oct 27, 2025 |
| Northcoast Research | Aaron Reed | $525 | $501.17 | +41.0% | Oct 27, 2025 |
| RBC Capital | Analyst unavailable | $555 | $498.17 | +49.1% | Oct 23, 2025 |
| Wells Fargo | Joseph O'Dea | $545 | $493.07 | +46.4% | Oct 23, 2025 |
| Morgan Stanley | Christopher Snyder | $475 | $497.73 | +27.6% | Oct 23, 2025 |
| Barclays | Analyst unavailable | $700 | $493.07 | +88.0% | Oct 23, 2025 |
| Mizuho Securities | Analyst unavailable | $565 | $523.94 | +51.7% | Oct 17, 2025 |
| Wells Fargo | Joseph O'Dea | $575 | $550.63 | +54.4% | Oct 6, 2025 |
| UBS | Damian Karas | $676 | $653.51 | +81.6% | Jul 28, 2025 |
| Oppenheimer | Noah Kaye | $600 | $509.14 | +61.1% | Apr 24, 2025 |
| Wells Fargo | Joseph O'Dea | $580 | $582.93 | +55.8% | Feb 3, 2025 |
| Mizuho Securities | Brett Linzey | $675 | $609.74 | +81.3% | Oct 24, 2024 |
| RBC Capital | Deane Dray | $619 | $609.74 | +66.2% | Oct 24, 2024 |
| Barclays | Julian Mitchell | $624 | $609.74 | +67.6% | Oct 24, 2024 |
| KeyBanc | Jeffrey Hammond | $600 | $606.64 | +61.1% | Oct 15, 2024 |
| Robert W. Baird | Timothy Wojs | $648 | $604.04 | +74.0% | Oct 14, 2024 |
| Robert W. Baird | Timothy Wojs | $610 | $557.19 | +63.8% | Jul 15, 2024 |
| Wells Fargo | Joseph O'Dea | $570 | $535.61 | +53.1% | Jul 9, 2024 |
| Wells Fargo | Joseph O'Dea | $520 | $467.85 | +39.7% | Apr 25, 2024 |
| RBC Capital | Deane Dray | $510 | $467.85 | +37.0% | Apr 25, 2024 |
| KeyBanc | Jeffrey Hammond | $515 | $467.93 | +38.3% | Apr 10, 2024 |
| RBC Capital | Deane Dray | $481 | $465.99 | +29.2% | Apr 4, 2024 |
| Mizuho Securities | Brett Linzey | $460 | $377.3 | +23.5% | Oct 16, 2023 |
| RBC Capital | Deane Dray | $391 | $357.42 | +5.0% | Aug 17, 2023 |
| Wells Fargo | Analyst unavailable | $300 | $260.76 | -19.4% | Feb 1, 2023 |
| Morgan Stanley | Analyst unavailable | $258 | $241.69 | -30.7% | Jan 6, 2023 |
| Wells Fargo | Analyst unavailable | $294 | $235.91 | -21.0% | Jan 5, 2023 |
| UBS | Damian Karas | $265 | $246.48 | -28.8% | Dec 15, 2022 |
| Morgan Stanley | Analyst unavailable | $279 | $248.64 | -25.1% | Dec 15, 2022 |
| Barclays | Analyst unavailable | $228 | $220.52 | -38.8% | Oct 3, 2022 |
| Morgan Stanley | Analyst unavailable | $268 | $243.88 | -28.0% | Sep 1, 2022 |
| Morgan Stanley | Analyst unavailable | $255 | $243.99 | -31.5% | Aug 1, 2022 |
| Wells Fargo | Analyst unavailable | $249 | $239.53 | -33.1% | Aug 1, 2022 |
| Mizuho Securities | Analyst unavailable | $210 | $213.59 | -43.6% | Jul 18, 2022 |
| Morgan Stanley | Analyst unavailable | $222 | $217.46 | -40.4% | Jul 15, 2022 |
| Deutsche Bank | Analyst unavailable | $292 | $216.92 | -21.6% | Jul 13, 2022 |
| Barclays | Analyst unavailable | $230 | $219.62 | -38.2% | Jul 8, 2022 |
| Wells Fargo | Analyst unavailable | $231 | $202.46 | -38.0% | Jun 29, 2022 |
| Goldman Sachs | Analyst unavailable | $190 | $188.29 | -49.0% | Jun 23, 2022 |
| Morgan Stanley | Joshua Pokrzywinski | $238 | $211.56 | -36.1% | Jun 7, 2022 |
| Barclays | Analyst unavailable | $240 | $202.49 | -35.5% | May 24, 2022 |
| Mizuho Securities | Analyst unavailable | $225 | $227.32 | -39.6% | Apr 26, 2022 |
| Stephens | Analyst unavailable | $275 | $227.72 | -26.1% | Apr 26, 2022 |
| Barclays | Analyst unavailable | $260 | $235.11 | -30.2% | Apr 26, 2022 |
| Credit Suisse | Analyst unavailable | $242 | $238.94 | -35.0% | Apr 26, 2022 |
| Morgan Stanley | Joshua Pokrzywinski | $254 | $226.75 | -31.8% | Apr 26, 2022 |
| Barclays | Julian Mitchell | $300 | $262.16 | -19.4% | Apr 5, 2022 |
| Deutsche Bank | Nicole DeBlase | $393 | $324.93 | +5.5% | Dec 16, 2021 |
| Goldman Sachs | Joe Ritchie | $310 | $300.86 | -16.7% | Oct 26, 2021 |
| Wolfe Research | Nigel Coe | $302 | $339.45 | -18.9% | Jul 12, 2021 |
| Vertical Research | Jeffrey Sprague | $300 | $344.9 | -19.4% | Jun 1, 2021 |
Track every rating change on LII the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationLennox International Inc. is a global manufacturer and distributor specializing in heating, ventilation, air conditioning (HVAC), and refrigeration solutions. The company operates across three divisions: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. Its Residential Heating & Cooling division supplies homeowners with systems like furnaces, air conditioners, and heat pumps, along with indoor air quality products, comfort controls, and replacement components, catering to both new construction and existing residential upgrades.…
Historical context
All LII earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FPS Forgent Power Solutions, Inc. | FY2026 Q4 · Calendar Q3 2026 | +4.3% | +9.5% | Forgent Power Solutions pairs record results with an aggressive FY27 buildout |
| CPRT Copart, Inc. | FY2026 Q4 · Calendar Q3 2026 | -8.7% | -2.6% | Copart pairs international growth with ACV investment amid higher costs |
| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
| FRO Frontline Plc | FY2026 Q2 · Calendar Q3 2026 | +8.0% | +1.0% | Frontline posts a record quarter as tanker rates remain elevated |
| DCI Donaldson Company, Inc. | FY2026 Q4 · Calendar Q3 2026 | +1.8% | +2.1% | Donaldson posts record FY26 and targets further growth |
Latest beats and misses
Who reports nextBeat on EPS
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
Get the LII recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-07-29T17:07:23.461883+00:00
- FN2 earnings calendar · 2026-09-03T01:23:14.877038+00:00
- Polygon adjusted daily market bars · 2026-09-23T20:50:53.656873+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-23T20:50:53.654031+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-23. For educational purposes only; not investment advice.