Earnings Outlook For Lifeway Foods
Portfolio Pulse from Benzinga Insights
Lifeway Foods (NASDAQ:LWAY) is expected to release its quarterly earnings report on Monday, 2023-11-13, with analysts predicting an EPS of $0.16. Investors are looking for an earnings beat and positive guidance for future growth. Historically, LWAY's stock price has been sensitive to earnings performance and guidance. Last quarter, LWAY beat the EPS estimate by $0.15, leading to a 9.07% stock price increase the following day. Over the last year, LWAY shares have risen by 71.79%, trading at $12.16 as of November 09.
November 10, 2023 | 7:02 pm
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Lifeway Foods is anticipated to release its earnings report with a forecasted EPS of $0.16. Positive earnings history and guidance could influence the stock price, as seen in the last quarter with a 9.07% rise post-earnings. Shares have been performing well, up 71.79% over the past year.
Given Lifeway Foods' history of stock price increases following an earnings beat, and the overall positive performance over the past year, there is a likelihood of a positive short-term impact on the stock price if the company beats the EPS estimate again and provides favorable guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100