Lamb Weston Earnings Beat
Lamb Weston Reports Better Than Expected Earnings And Revenue For Fiscal Quarter
Anonymous
Lamb Weston reported earnings of $0.74 per share and revenue of $1.67 billion, topping analyst expectations, and projected fiscal 2027 earnings of $3.05 to $3.35 per share. Ahead of its scheduled October 6 earnings call, analysts had expected about $0.59 per share and $1.65 billion in revenue, while the company’s earlier guidance was lower. Analyst views remain mixed but lean toward hold: Wall Street Zen downgraded the shares, several firms cut price targets, and Wells Fargo maintained an overweight rating despite reducing its target. Lamb Weston also paid a quarterly dividend of $0.38 per share.
Key Points
1
Lamb Weston shares were down 29.6% over the preceding 12 months, according to Investing.com.
2
Analyst earnings revisions were tilted negative in the 90 days before the report: Investing.com counted two positive EPS revisions and four negative ones.
3
Barclays took a more bullish stance, raising its price target from $50 to $56 and maintaining an overweight rating. MarketBeat data cited in another report showed three Buy ratings and 10 Hold ratings, with a $52.45 average price target.
4
Before the results, the stock was trading well below its 52-week high: it opened at $43.60, compared with a 52-week range of $37.62 to $67.07.
Sentiment
Mostly PositiveNEGATIVENEUTRALPOSITIVE
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