Lamb Weston (LW) Matches Q1 Earnings Estimates

Group 1: Earnings Performance - Lamb Weston reported quarterly earnings of $0.73 per share, matching the Zacks Consensus Estimate, but down from $1.63 per share a year ago [1] - The company had a revenue of $1.65 billion for the quarter ended August 2024, exceeding the Zacks Consensus Estimate by 6.36%, but down from $1.67 billion year-over-year [2] - Over the last four quarters, Lamb Weston has surpassed consensus EPS estimates only once [1] Group 2: Stock Performance and Outlook - Lamb Weston shares have declined approximately 40.1% since the beginning of the year, contrasting with the S&P 500's gain of 20.8% [3] - The current consensus EPS estimate for the upcoming quarter is $1.20 on revenues of $1.67 billion, and for the current fiscal year, it is $4.54 on revenues of $6.61 billion [7] - The estimate revisions trend for Lamb Weston is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell) for the stock, indicating expected underperformance in the near future [6] Group 3: Industry Context - The Food - Miscellaneous industry, to which Lamb Weston belongs, is currently in the top 41% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]