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

Marzetti Co

05/05/2023 11:35

* Lancaster Colony Corp  LANC.OQ  reported quarterly
adjusted
earnings of 89 cents​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of 93 cents per share.
    * Revenue rose 15.2% to $464.94 million from a year ago;
analysts
expected $443.07 million. 
    * Lancaster Colony Corp's reported EPS for the quarter was
89
cents​.
    * The mean earnings estimate of analysts had fallen by
about 22.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Lancaster Colony Corp shares had risen by 6.1% this
quarter and
gained 9.1% so far this year.
    * The company reported quarterly net income of $24.56
million.
    * Wall Street's median 12-month price target for Lancaster
Colony
Corp is $215.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
5 at 10:34 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.93           0.89           Missed
 Dec. 31 2022      1.67           1.66           Missed
 Sep. 30 2022      1.14           1.62           Beat
 Jun. 30 2022      0.80           1.66           Beat