Lancaster Colony Corp expected to post earnings of $1.61 a share - Earnings Preview

Marzetti Co

31/10/2023 18:54

* Lancaster Colony Corp  LANC.OQ   LANC.O  is expected
to show a
rise in quarterly revenue when it reports  results 
    * The Westerville Ohio-based  company is expected to report 
a
7.6% increase in revenue to $457.98 million from $425.54 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Lancaster Colony
Corp is
for earnings of $1.61 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "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 $205​, above​ its last closing price of $167.48. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  1.29        1.29       0.33      Missed  -74.4
 Mar. 31 2023  0.93        0.93       0.89      Missed  -4
 Dec. 31 2022  1.66        1.67       1.66      Missed  -0.4​
 Sep. 30 2022  1.13        1.14       1.62      Beat    42.4
 ​​Jun.        0.80        0.80       1.66      Beat    106.9
 30 2022                                                
 Mar. 31 2022  1.03        1.03       0.91      Missed  -11.7​
 Dec. 31 2021  1.42        1.50       1.48      Missed  -1
 Sep. 30 2021  1.63        1.63       1.37      Missed  -16
 This summary was machine generated October 31 at 18:53 GMT.  All
figures in US dollars  unless otherwise stated