On July 29, Lennox fell 5.9% in pre-market trading, trading at approximately $511.73/share, with turnover of $2.19 million, following the release of its Q2 earnings report.

On the news front, Lennox issued downwardly revised full-year EPS guidance of $23.00-$24.00, falling short of the FactSet consensus estimate of $24.47. This represents a notable reduction from the prior guidance range of $23.50-$25.00 provided in late April, signaling deteriorating earnings visibility. The market had expected Q2 EPS of $7.63 with revenue growth of approximately 5.62% year-over-year.

The guidance miss comes despite multiple institutions recently raising price targets on the stock. Baird adjusted its target to $596 while maintaining a Neutral rating, and Goldman Sachs set a $625 target. However, the analyst consensus rating remains Hold with a mean price target of $573.75, and the current pre-market price has now fallen well below this level. The lowered guidance midpoint of $23.50 versus the previous midpoint of $24.25 suggests margin or demand headwinds in the companys HVAC business segments.

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