Lamb Weston (LW) Stock Falls Amid Market Uptick: What Investors Need to Know
Lamb Weston (LW) ended the recent trading session at $103.18, demonstrating a -0.59% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.89%. Meanwhile, the Dow experienced a rise of 1.03%, and the technology-dominated Nasdaq saw an increase of 1.25%.
The the stock of frozen foods supplier has risen by 1.6% in the past month, lagging the Consumer Staples sector's gain of 2.54% and the S&P 500's gain of 3.56%.
Analysts and investors alike will be keeping a close eye on the performance of Lamb Weston in its upcoming earnings disclosure. The company's earnings report is set to go public on April 4, 2024. The company is forecasted to report an EPS of $1.42, showcasing a 0.7% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $1.65 billion, indicating a 31.41% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $5.94 per share and a revenue of $6.86 billion, demonstrating changes of +26.92% and +28.26%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Lamb Weston. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Lamb Weston currently has a Zacks Rank of #4 (Sell).
Looking at valuation, Lamb Weston is presently trading at a Forward P/E ratio of 17.47. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 17.47.
It is also worth noting that LW currently has a PEG ratio of 1.17. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Food - Miscellaneous industry held an average PEG ratio of 2.
The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 80, placing it within the top 32% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Lamb Weston (LW) : Free Stock Analysis Report
