CORRECTION: Lancaster Colony Q4 Adj. EPS $1.19 Misses $1.29 Estimate, Sales $454.66M Miss $481.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lancaster Colony (NASDAQ:LANC) reported Q4 earnings of $1.19 per share, missing the analyst consensus estimate of $1.29 by 7.75%. The company also reported quarterly sales of $454.66 million, missing the analyst consensus estimate of $481.12 million by 5.50%. However, both earnings and sales saw a slight increase compared to the same period last year.
August 23, 2023 | 11:53 am
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Lancaster Colony's Q4 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term.
Lancaster Colony's Q4 earnings and sales fell short of analyst estimates, which is typically seen as a negative signal by the market and could lead to a decrease in the stock price. However, the company did see a slight YoY increase in both earnings and sales, which could potentially mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100