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Lamb Weston Stock Sinks After Software Issue Affects Q3 Results, FY Outlook
Investopedia· 2024-04-04 16:40
Key TakeawaysLamb Weston blamed a software issue with negatively impacting third-quarter sales and led to the company to warn about full-year results, and shares plunged 20% in intraday trading Thursday.The potato processor said a slower-than-expected transition to a new enterprise resource planning (ERP) system affected its ability to fill customer orders.Lamb Weston believes the issue has been resolved, but fiscal 2024 profit and sales will be lower than originally estimated. Shares of Lamb Weston Holding ...
Lamb Weston (LW) Q3 Earnings Lag Estimates, Guidance Lowered
Zacks Investment Research· 2024-04-04 16:36
Lamb Weston Holdings, Inc. (LW) posted soft results for the third quarter of fiscal 2024, following which it lowered its guidance for the fiscal. Shares of the company declined more than 15% in the pre-market trading session on Apr 4.The implementation of a new enterprise resource planning (ERP) system in North America had a greater-than-anticipated adverse effect on third-quarter results. The ERP transition lowered the company’s visibility of finished goods inventories placed at distribution centers tempor ...
Lamb Weston (LW) Q3 Earnings and Revenues Lag Estimates
Zacks Investment Research· 2024-04-04 14:41
Lamb Weston (LW) came out with quarterly earnings of $1.20 per share, missing the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -14.29%. A quarter ago, it was expected that this frozen foods supplier would post earnings of $1.40 per share when it actually produced earnings of $1.45, delivering a surprise of 3.57%.Over the last four quarters, the ...
Lamb Weston(LW) - 2024 Q3 - Quarterly Results
2024-04-04 12:32
Exhibit 99.1 News Release For more information, please contact: Investors: Dexter Congbalay 224-306-1535 dexter.congbalay@lambweston.com Media: Shelby Stoolman 208-424-5461 shelby.stoolman@lambweston.com Lamb Weston Reports Fiscal Third Quarter 2024 Results; Updates Fiscal Year 2024 Outlook Third Quarter Fiscal 2024 Highlights Updated Fiscal 2024 Outlook EAGLE, ID (April 4, 2024) – Lamb Weston Holdings, Inc. (NYSE: LW) announced today its results for the third quarter of fiscal 2024 and updated its full yea ...
Lamb Weston (LW) Readies for Q3 Earnings: What to Expect?
Zacks Investment Research· 2024-04-02 13:41
Lamb Weston Holdings, Inc. (LW) is likely to register top-line growth when it reports third-quarter fiscal 2024 earnings on Apr 4. The Zacks Consensus Estimate for revenues is pegged at $1.64 billion, which suggests growth of 30.9% from the prior-year quarter’s reported figure.The consensus mark for quarterly earnings has decreased by a penny in the past seven days to $1.40 per share. This indicates a decline of 2.1% from the year-ago quarter’s reported figure. LW has a trailing four-quarter earnings surpri ...
Lamb Weston (LW) Rises As Market Takes a Dip: Key Facts
Zacks Investment Research· 2024-03-22 22:56
The latest trading session saw Lamb Weston (LW) ending at $103.17, denoting a +0.42% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 0.14% for the day. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, added 0.17%.Heading into today, shares of the frozen foods supplier had lost 0.98% over the past month, lagging the Consumer Staples sector's gain of 1.07% and the S&P 500's gain of 5.34% in that time.Investors will be eagerly watching for the ...
Wall Street Bulls Look Optimistic About Lamb Weston (LW): Should You Buy?
Zacks Investment Research· 2024-03-22 14:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Lamb Weston (LW) .Lamb Weston currently has an average brokerage recommend ...
Lamb Weston (LW) Stock Falls Amid Market Uptick: What Investors Need to Know
Zacks Investment Research· 2024-03-20 23:06
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 ...
Lamb Weston (LW) Suffers a Larger Drop Than the General Market: Key Insights
Zacks Investment Research· 2024-03-14 22:56
In the latest market close, Lamb Weston (LW) reached $101.33, with a -1.56% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.29%. Elsewhere, the Dow lost 0.35%, while the tech-heavy Nasdaq lost 0.3%.Prior to today's trading, shares of the frozen foods supplier had gained 0.09% over the past month. This has lagged the Consumer Staples sector's gain of 3.48% and the S&P 500's gain of 4.42% in that time.The upcoming earnings release of Lamb Weston will be ...
Here's Why Lamb Weston (LW) is a Strong Momentum Stock
Zacks Investment Research· 2024-03-12 14:50
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Sc ...