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Lamb Weston Holdings Inc. [LW] earnings preview: what to expect from their November quarter

Lamb Weston Holdings Inc. [NYSE:LW] will report earnings after markets close on Thursday, January 7th.

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LW Earnings Forecast For The Current Quarter

Lamb Weston Holdings Inc. [LW] is expected to report weak earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $876.79M and an earnings per share of $0.62 for Nov 2020. Looking further ahead, the company is expected to report revenue of $858.97M at an EPS of $0.59 for Feb 2021. The estimates represent 7.90% and 25.42% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.

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LW Earnings Estimates For The Current Year

For the financial year, Lamb Weston Holdings Inc. [NYSE:LW] is expected to bring in revenue of $3.55B. The returns are nearly $-240.0 million lower than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 2.4, lower than that of FY20 by -$0.1. Estimates put this year’s earnings growth at -4.00%, 26.20% for the next, and at an annual 8.15% over the next 5-year period. As for sales, forecasts are for a decrease of -6.50% in the current fiscal year and a further 7.90% over the following year.

LW Price Performance

On Wall Street, Lamb Weston Holdings Inc. [NYSE:LW] finished Tuesday’s session down -0.37% at $75.39. The stock went up to $76.085 at the same session while its lowest single day price was $74.72. In the last five days, it saw a fall of about -2.65%, Lamb Weston Holdings Inc. shares dropped by almost -4.25% since the beginning of the year. However, the share price has dropped to as low as -21.73% below its one year high. On 01/04/21, the company shares recorded $78.85, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $74.49. The company’s shares have declined by -16.88% in the past year. The 50-day SMA achieved is $73.33 while the 200-day SMA is $65.52. Volume gained to 1.02 million from 0.38 million in the previous session.

Lamb Weston Holdings Inc. [LW] Valuation Measures

Notably, Lamb Weston Holdings Inc. [LW] stock cannot be classified as a good candidate in the listing of underestimated low-priced Packaged Foods companies to purchase soonest possible with the prevailing 12-month PE ratio of 32.68. The measure means the stock is exchanging at a premium as compared to the 20.05x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 2.95 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.06 which means LW serve an unattractive investment opportunity compared to its competitors.

LW Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 74.71 level, and in case of violation of this particular level, it will cause more drop to 74.03 level. On the upper level, 76.76 is still the key resistance. The stock may increase to the subsequent resistance at 76.08. The Relative Strength Index (RSI) pinned on the 14-day chart is 47.77, implying a neutral technical stance while the MACD stands at -0.74, meaning price will decrease in the next trading period. Percent R indicator moved to 83.67%, implying bearish price movement. Stochastic %K at 36.54% suggest holding the stock.

Is Lamb Weston Holdings Inc. [NYSE:LW] a Good Buy Right Now?

It should be noted that LW technical indicators for short, intermediate as well as long term progress have placed an overall average of 80% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Lamb Weston Holdings Inc.’s Trend Spotter indicated that the signals were Rising. The stock current average is 0.7 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 0.95 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.97 million shares.

What is the short interest in Lamb Weston Holdings Inc.?

Short interest in the Lamb Weston Holdings Inc. stock has surged, increasing by 0.66 million shares to total 3.19 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 3.85 million, data from Yahoo Finance shows. The decrease of -20.69% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 3.23% of the overall float for the stock.

Lamb Weston Holdings Inc.’s Biggest Shareholders: Who Owns Lamb Weston Holdings Inc. [LW]?

Filings by Capital Research & Management Co showed that the firm now holds a total of 16,574,294 shares or roughly 11.33% of the outstanding LW shares. This means their shares have reduced by -263,555 from the 16,574,294 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $1,091,775,071. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -1.97% stake valued at $610,778,847 while APG Asset Management NV added theirs at $577,326,765. During the last quarter, BlackRock Fund Advisors liquidated -169,670 of its shares in Lamb Weston Holdings Inc. while APG Asset Management NV bought 3,596,826 shares. The SSgA Funds Management, Inc.’s holdings currently number 6,386,870 shares at $481506129.3. According to the firm’s last 13F report, Capital Research & Management Co shares in the company at filing stood at 4,264,640 shares, roughly $308,674,643.

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What are analyst thoughts on Lamb Weston Holdings Inc.?

Looking forward to the Lamb Weston Holdings Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Lamb Weston Holdings Inc. stock at $77.00 within the next 12 months, which represents almost 2.09 per cent growth from its previous closing price of $75.39. The highest analysts’ target for Lamb Weston Holdings Inc. stock projections is $89.00 and the lowest one is $70.00. Still, 8 analysts sharing their consensus rating for LW stock in 2021 agree that it is an Overweight.

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