Lamb Weston (LW) closed the most recent trading day at $102.20, moving +1% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.11%. On the other hand, the Dow registered a gain of 0.12%, and the technology-centric Nasdaq decreased by 0.41%.

Prior to today's trading, shares of the frozen foods supplier had gained 0.36% over the past month. This has outpaced the Consumer Staples sector's gain of 0.25% and lagged the S&P 500's gain of 2.7% in that time.

Analysts and investors alike will be keeping a close eye on the performance of Lamb Weston in its upcoming earnings disclosure. The company's earnings report is set to go public on April 4, 2024. The company is predicted to post an EPS of $1.42, indicating a 0.7% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.65 billion, up 31.41% from the prior-year quarter.

For the full year, the Zacks Consensus Estimates project earnings of $5.94 per share and a revenue of $6.86 billion, demonstrating changes of +26.92% and +28.26%, respectively, from the preceding year.

Investors should also pay attention to any latest changes in analyst estimates for Lamb Weston. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Lamb Weston possesses a Zacks Rank of #3 (Hold).

With respect to valuation, Lamb Weston is currently being traded at a Forward P/E ratio of 17.03. Its industry sports an average Forward P/E of 17.03, so one might conclude that Lamb Weston is trading at no noticeable deviation comparatively.

One should further note that LW currently holds a PEG ratio of 1.14. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Food - Miscellaneous was holding an average PEG ratio of 2.02 at yesterday's closing price.

The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 149, which puts it in the bottom 41% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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