Benzinga | Oct 6, 2020 10:10AM EDT

A Preview Of Lamb Weston Holdings's Earnings

Lamb Weston Holdings (NYSE: LW) unveils its next round of earnings this Wednesday, October 07. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Earnings and Revenue

Analysts expect Lamb Weston Holdings earnings of $0.3 per share. Revenue will likely be around $869.22 million, according to the consensus estimate. Lamb Weston Holdings reported a per-share profit of $0.79 when it published results during the same quarter last year. Sales in that period totaled $989.00 million. If the company were to match the consensus estimate when it reports Wednesday, earnings would be down 62.03%. Sales would have fallen 12.11% from the same quarter last year. Here is how the company's reported EPS has compared to analyst estimates in the past:

Quarter Q4 2020 Q3 2020 Q2 2020 Q1 2019EPS Estimate 0.15 0.93 0.84 0.78EPS Actual -0.01 0.77 0.95 0.79Revenue Estimate 798.33 M 959.19 M 964.88 M 971.45 MRevenue Actual 846.90 M 937.30 M 1.02 B 989.00 M

Stock Performance

Shares of Lamb Weston Holdings were trading at $69.57 as of October 05. Over the last 52-week period, shares are down 7.25%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Lamb Weston Holdings is scheduled to hold the call at 10:00:00 ET and can be accessed here: https://globalmeet.webcasts.com/starthere.jsp?ei=1369199&tp_key=ee6a777918