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Lamb Weston (LW) Q3 result: What to expect
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Lamb Weston (LW) Q3 result: What to expect

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Lamb Weston (LW) Q3 result: What to expect

Potato products company Lamb Weston (NYSE:LW) will report earnings tomorrow after the market closes. Here’s what you should pay attention to.

Lamb Weston missed analysts’ revenue expectations by 5.5% in its most recent quarter, reporting revenue of $1.61 billion, down 4.9% from a year earlier. It was a disappointing quarter for the company, with disappointing full-year profit forecasts and missing analysts’ organic sales growth estimates.

Given its earnings, is Lamb Weston a buy or sell? Read our full analysis here, it’s free.

This quarter, analysts expect Lamb Weston’s revenue to fall 6.7% year-over-year to $1.55 billion, a reversal from the 47.9% increase in the year-ago quarter. Adjusted earnings are expected to be $0.71 per share.

Lamb Weston's total salesLamb Weston's total sales

Lamb Weston’s total sales

The majority of analysts covering the company have reaffirmed their estimates over the last 30 days and expect the company to remain on track toward earnings. Lamb Weston has missed Wall Street revenue estimates three times in the past two years.

Looking at Lamb Weston’s competitors in the consumer staples segment, only General Mills has reported results so far. It met analysts’ revenue estimates and posted a 1.2% year-over-year decline in sales. The stock traded 0.5% higher on the results.

Read our full analysis of General Mills’ earnings results here.

Investors in the consumer staples segment have had steady hands on earnings, with stock prices rising an average of 1.8% over the past month. Lamb Weston is up 8.2% over the same period and is heading towards profitability with an average analyst price target of $70.95 (compared to the current share price of $66.80).

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StockStory aims to help retail investors beat the market.StockStory aims to help retail investors beat the market.

StockStory aims to help retail investors beat the market.

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