Lancaster Colony Corp reports results for the quarter ended in December - Earnings Summary

Marzetti Co

01/02/2024 14:32

* Lancaster Colony Corp  LANC.OQ  reported quarterly
adjusted
earnings of $1.87​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of $1.66.  The mean expectation of seven analysts
for the quarter was for earnings of $1.63 per share. Wall Street
expected results to range from $1.54  to $1.70 per share.
    * Revenue rose 1.8% to $485.92 million from a year ago;
analysts
expected $492.01 million. 
    * Lancaster Colony Corp's reported EPS for the quarter was
$1.87​.
    * The company reported quarterly net income of $51.48
million.
    * Lancaster Colony Corp shares had risen by 10.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is also "hold"

Wall Street's median 12-month price target for Lancaster Colony
Corp is $185.00 
This summary was machine generated from LSEG data February 1 at
02:32 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.63           1.87           Beat
 Sep. 30 2023      1.61           1.59           Missed
 Jun. 30 2023      1.29           0.33           Missed
 Mar. 31 2023      0.93           0.89           Missed