Exploring Lancaster Colony's Earnings Expectations

Lancaster Colony (NASDAQ:LANC) will release its quarterly earnings report on Thursday, 2024-10-31. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Lancaster Colony to report an earnings per share (EPS) of $1.66.

The market awaits Lancaster Colony's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Earnings Track Record

Last quarter the company missed EPS by $0.05, which was followed by a 0.16% increase in the share price the next day.

Here's a look at Lancaster Colony's past performance and the resulting price change:

Quarter

Q4 2024

Q3 2024

Q2 2024

Q1 2024

EPS Estimate

1.40

1.38

1.62

1.61

EPS Actual

1.35

1.44

1.93

1.59

Price Change %

0.0%

-0.0%

-1.0%

2.0%

Analyst Observations about Lancaster Colony

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Lancaster Colony.

The consensus rating for Lancaster Colony is Buy, derived from 2 analyst ratings. An average one-year price target of $216.0 implies a potential 18.11% upside.

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