Lamb Weston Reaffirms FY24 Net Sales Target Of $6.8B To $7.0B Vs. Estimate Of $6.89B, Raises FY24 Adjusted Diluted EPS Target To $5.70-$6.15 From $5.47-$5.92 Vs. Estimate Of $5.9
Portfolio Pulse from Benzinga Newsdesk
Lamb Weston Holdings, Inc. has reaffirmed its fiscal year 2024 net sales target of $6.8 billion to $7.0 billion, which is in line with the analyst estimate of $6.89 billion. Additionally, the company has raised its FY24 adjusted diluted earnings per share (EPS) target to $5.70-$6.15, up from the previous range of $5.47-$5.92. This updated EPS guidance is above the analyst estimate of $5.9.
January 04, 2024 | 1:43 pm
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Lamb Weston Holdings, Inc. has confirmed its FY24 sales goals and increased its adjusted EPS forecast, indicating a positive outlook and potential for growth.
The reaffirmation of sales targets suggests stability in Lamb Weston's business outlook, while the raised EPS guidance indicates better-than-expected profitability, which is likely to be viewed positively by investors. The new EPS range exceeds analyst expectations, which could lead to a short-term positive sentiment and potential stock price increase for Lamb Weston.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100