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

Marzetti Co

03/05/2024 12:10

* Lancaster Colony Corp  LANC.OQ  reported quarterly
adjusted
earnings of $1.03​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 89 cents.  The mean expectation of six analysts
for the quarter was for earnings of $1.38 per share. Wall Street
expected results to range from $1.29  to $1.51 per share.
    * Revenue rose 1.4% to $471.45 million from a year ago;
analysts
expected $468.07 million. 
    * Lancaster Colony Corp's reported EPS for the quarter was
$1.03​.
    * The company reported quarterly net income of $28.29
million.
    * Lancaster Colony Corp shares had fallen by 7.5% this
quarter and
gained 15.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Lancaster
Colony
Corp is $208.00 

This summary was machine generated from LSEG data May 3 at 11:10
a.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
 Mar. 31 2024      1.38           1.03           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