Lamb Weston Holdings Sees FY24 Adj. EPS $5.50-$5.95 Vs $5.77 Est.; Revenue $6.8B-$7.0B Vs $6.87B Est.
Portfolio Pulse from Benzinga Newsdesk
Lamb Weston Holdings has projected its FY24 adjusted EPS to be between $5.50 and $5.95, which is lower than the estimated $5.77. The company also expects its revenue to be between $6.8B and $7.0B, which is in line with the estimated $6.87B.
October 11, 2023 | 12:15 pm
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NEGATIVE IMPACT
Lamb Weston Holdings' FY24 adjusted EPS forecast is lower than the estimated $5.77, while its revenue forecast aligns with the estimated $6.87B.
Lamb Weston Holdings' lower than expected EPS forecast for FY24 could negatively impact its stock price in the short term. However, its revenue forecast is in line with estimates, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100