Benzinga | Aug 25, 2021 10:33AM EDT

Lancaster Colony's Earnings Outlook

On Thursday, August 26, Lancaster Colony (NASDAQ:LANC) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Analysts covering Lancaster Colony modeled for quarterly EPS of $1.31 on revenue of $368.29 million. Lancaster Colony EPS in the same period a year ago totaled $1.1. Sales were $320.85 million.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

The Wall Street estimate would represent a 19.09% increase in the company's earnings. Sales would be up 14.78% on a year-over-year basis. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up: Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020EPS Estimate 1.24 1.44 1.60 0.96EPS Actual 1.05 1.62 1.35 1.10Revenue Estimate 340.02 M 362.82 M 342.07 M 298.63 MRevenue Actual 357.25 M 375.01 M 349.24 M 320.85 M

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Shares of Lancaster Colony were trading at $183.16 as of August 24. Over the last 52-week period, shares are up 6.15%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Lancaster Colony is scheduled to hold the call at 10:00:00 ET and can be accessed here.