Lancaster Colony (LANC) Misses Q3 Earnings and Revenue Estimates

Company Performance - Lancaster Colony reported quarterly earnings of $1.54 per share, missing the Zacks Consensus Estimate of $1.61 per share, but showing an increase from $1.44 per share a year ago, resulting in an earnings surprise of -4.35% [1] - The company posted revenues of $457.84 million for the quarter, missing the Zacks Consensus Estimate by 5.46%, and down from $471.45 million year-over-year [2] - Over the last four quarters, Lancaster Colony has surpassed consensus EPS estimates only once and has topped consensus revenue estimates two times [2] Stock Performance - Lancaster Colony shares have increased approximately 11.4% since the beginning of the year, contrasting with a -5.5% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $1.46 on revenues of $468.3 million, and for the current fiscal year, it is $6.85 on revenues of $1.93 billion [7] Industry Outlook - The Zacks Industry Rank for Food - Miscellaneous is currently in the bottom 43% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor decisions [5]