Is LIN's Q1 2025 EPS forecast signaling a bullish trend?

**Linde's Q1 2025 EPS forecast is not currently signaling a bullish trend.** Here's why:

1. **EPS Forecast**: The estimated EPS for Linde in Fiscal Q1 2025 is $3.91, which is slightly below the midpoint of the company's guidance for the quarter, which is $3.90 to $3.95. This indicates a potential slight shortfall from the company's expected performance.

2. **Market Sentiment**: Mizuho Securities recently reduced Linde's stock price target to $510, retaining an Outperform rating, but this adjustment reflects a more cautious stance from the analyst, as six analysts have revised their earnings expectations downward. This could suggest that while the stock may have potential, there are concerns about meeting earnings expectations.
3. **Company Performance**: Linde has experienced a strong year in 2024, with a record $7 billion sale of gas backlog and notable improvements in EBIT margins and EPS. However, the flat year-over-year sales in the fourth quarter and regional disparities, particularly in the EMEA region, may signal the need for targeted strategies to address market dynamics.
4. **Dividend Increase**: Linde's recent dividend increase of 8%, continuing a 33-year streak, reflects the company's commitment to shareholder returns and financial stability. This is a positive sign, but it does not directly impact the EPS forecast for Q1 2025.

In conclusion, while Linde's strong financial performance and growth prospects are positive indicators, the Q1 2025 EPS forecast and recent analyst adjustments suggest a more neutral market sentiment rather than a clear bullish trend. Investors should monitor the company's performance closely, especially in light of potential regional market challenges and the impact of currency headwinds on earnings growth.