Lamb Weston Holdings Inc LW.N reported quarterly adjusted earnings of 87 cents per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of 78 cents. The mean expectation of ten analysts for the quarter was for earnings of 63 cents per share. Wall Street expected results to range from 59 cents to 68 cents per share.
Revenue rose 4% to $1.68 billion from a year ago; analysts expected $1.59 billion.
Lamb Weston Holdings Inc's reported EPS for the quarter was 85 cents.
The company reported quarterly net income of $119.9 million.
Lamb Weston Holdings Inc shares had fallen by 5.2% this quarter and lost 26.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 1.2% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is "hold."
Wall Street's median 12-month price target for Lamb Weston Holdings Inc is $59.00, about 16.7% above its last closing price of $49.17
This summary was machine generated from LSEG data July 23 at 01:30 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)