Top Wall Street Forecasters Revamp Lamb Weston Price Expectations Ahead Of Q3 Earnings

Lamb Weston Holdings, Inc. LW will release its third-quarter earnings results before the opening bell on Thursday, April 3.

Analysts expect the Eagle, Idaho-based company to report quarterly earnings at 87 cents per share, down from $1.2 per share in the year-ago period. According to data from Benzinga Pro, Lamb Weston projects quarterly revenue at $1.49 billion, compared to $1.46 billion a year earlier.

On March 20, Lamb Weston declared a quarterly dividend of 37 cents per share.

Lamb Weston shares gained 1.6% to close at $54.15 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Barclays analyst Lauren Lieberman maintained an Overweight rating and cut the price target from $87 to $60 on Dec. 23, 2024. This analyst has an accuracy rate of 62%.
• Stifel analyst Matthew Smith maintained a Hold rating and cut the price target from $80 to $68 on Dec. 20, 2024. This analyst has an accuracy rate of 62%.
• Jefferies analyst Rob Dickerson maintained a Buy rating and raised the price target from $80 to $95 on Dec. 17, 2024. This analyst has an accuracy rate of 68%.
• JP Morgan analyst Ken Goldman maintained a Neutral rating and boosted the price target from $68 to $78 on Dec. 16, 2024. This analyst has an accuracy rate of 78%.
• Deutsche Bank analyst Steve Powers initiated coverage on the stock with a Hold rating and a price target of $81 on Dec. 12, 2024. This analyst has an accuracy rate of 71%.

Considering buying LW stock? Here’s what analysts think:

Read This Next:

Photo via Shutterstock