Earnings Preview: Lancaster Colony
Portfolio Pulse from Benzinga Insights
Lancaster Colony (NASDAQ:LANC) is set to release its latest quarterly earnings report on Wednesday, 2023-08-23. Analysts estimate an earnings per share (EPS) of $1.29. The company's stock price increased by 1.67% the day after it missed EPS by $0.04 last quarter. Over the last 52-week period, shares are up 25.53%.
August 22, 2023 | 2:01 pm
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Lancaster Colony's upcoming earnings report could impact its stock price. Last quarter, despite missing EPS estimates, the stock price increased. Over the past year, the stock has risen by 25.53%.
Earnings reports are a significant factor affecting a company's stock price. In the case of Lancaster Colony, even an EPS miss in the last quarter led to a stock price increase, indicating strong investor confidence. The stock's positive performance over the past year also suggests a bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100