Will Lamb Weston (LW) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Lamb Weston is positioned to continue its earnings-beat streak, having a strong history of surpassing earnings estimates, particularly in the last two quarters with an average surprise of 36.49% [1] Earnings Performance - For the most recent quarter, Lamb Weston reported earnings of $0.74 per share, exceeding the expected $0.54 per share, resulting in a surprise of 37.04% [2] - In the previous quarter, the company reported $0.87 per share against an expectation of $0.64 per share, achieving a surprise of 35.94% [2] Earnings Estimates and Predictions - Recent estimates for Lamb Weston have been increasing, with a positive Earnings ESP of +0.45%, indicating bullish sentiment among analysts regarding its near-term earnings potential [5][8] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data showing that such combinations lead to positive surprises nearly 70% of the time [6][8] Earnings ESP Explanation - The Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions, which may be more accurate than earlier predictions [7]