Earnings To Watch: Lamb Weston (LW) Reports Q2 Results Tomorrow

Anthony Lee /
2024/01/03 2:00 am EST

Potato products company Lamb Weston (NYSE:LW) will be reporting earnings tomorrow before market hours. Here's what to expect.

Last quarter Lamb Weston reported revenues of $1.67 billion, up 47.9% year on year, beating analyst revenue expectations by 3.2%. It was a stunning quarter for the company, with an impressive beat of analysts' earnings estimates.

Is Lamb Weston buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Lamb Weston's revenue to grow 33.1% year on year to $1.70 billion, improving on the 26.8% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.42 per share.

Lamb Weston Total Revenue

The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing two upwards revisions over the last thirty days. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Lamb Weston's peers in the consumer staples segment, only General Mills has so far reported results, with revenues decreasing 1.6% year on year, missing analyst estimates by 4.1%. The stock was down 1% on the results.

Read our full analysis of General Mills's earnings results here.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

Join Paid Stock Investor Research

Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.

The author has no position in any of the stocks mentioned.