Lamb Weston (LW) Q4 Earnings and Revenues Lag Estimates

Company Performance - Lamb Weston reported quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $1.24 per share, and down from $1.22 per share a year ago [1] - The company posted revenues of $1.61 billion for the quarter ended May 2024, missing the Zacks Consensus Estimate by 5.55%, and down from $1.69 billion year-over-year [4] - The earnings surprise for this quarter was -37.10%, following a previous surprise of -14.29% when earnings were expected to be $1.40 per share but were actually $1.20 [3] Stock Performance - Lamb Weston shares have declined approximately 27.3% since the beginning of the year, contrasting with the S&P 500's gain of 16.5% [5] - The current Zacks Rank for Lamb Weston is 4 (Sell), indicating expected underperformance in the near future [7] Industry Outlook - The Food - Miscellaneous industry, to which Lamb Weston belongs, is currently in the bottom 30% of over 250 Zacks industries, which historically underperform the top 50% by a factor of more than 2 to 1 [2] - The sustainability of Lamb Weston's stock price movement will largely depend on management's commentary during the earnings call [11] Future Earnings Expectations - The current consensus EPS estimate for the upcoming quarter is $1.48 on revenues of $1.67 billion, and for the current fiscal year, it is $6.11 on revenues of $6.76 billion [13] - The upcoming quarterly earnings are expected to be $0.23 per share, reflecting a year-over-year change of +35.3%, although the consensus EPS estimate has been revised 3.3% lower over the last 30 days [14]