Lancaster Colony Corp expected to post earnings of $1.29 a share - Earnings Preview

Marzetti Co

21/08/2023 14:13

* Lancaster Colony Corp  LANC.OQ   LANC.O  is expected
to show a
rise in quarterly revenue when it reports  results on August
23. 
    * The Westerville Ohio-based  company is expected to report 
a
6.3% increase in revenue to $481.125 million from $452.41
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Lancaster Colony
Corp is
for earnings of $1.29 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Lancaster
Colony
Corp is $221.5​, above​ its last closing price of $182.93. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.93        0.93       0.89      Missed  -4
 Dec. 31 2023  1.66        1.67       1.66      Missed  -0.4
 Sep. 30 2022  1.13        1.14       1.62      Beat    42.4​
 Jun. 30 2022  0.80        0.80       1.66      Beat    106.9
 ​​Mar.        1.03        1.03       0.91      Missed  -11.7
 31 2022                                                
 Dec. 31 2021  1.42        1.50       1.48      Missed  -1​
 Sep. 30 2021  1.63        1.63       1.37      Missed  -16
 Jun. 30 2021  1.31        1.31       1.43      Beat    9.4
 This summary was machine generated August 21 at 13:12 GMT.  All
figures in US dollars  unless otherwise stated