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Lamb Weston Holdings Inc. ($LW) Stock Forecast: Down 8.0% Today

Morpher AI identified a bearish signal. The stock price may continue to fall based on the momentum of the negative news.

What is Lamb Weston Holdings Inc.?

Lamb Weston (LW) is a potato products company listed on the NYSE. The company faced a significant bearish movement in the market today.

Why is Lamb Weston Holdings Inc. going down?

LW stock is down 8.0% on Apr 5, 2024 12:11

  • Lamb Weston (LW) experienced a sharp decline of 16.1% after reporting first-quarter results that fell below analysts' estimates, primarily due to disruptions caused by transitioning to a new enterprise resource planning system (ERP).
  • The ERP transition impacted the company's visibility of finished goods inventories, leading to difficulties in fulfilling customer orders, ultimately affecting sales volume and margin performance.
  • Additionally, soft demand in the restaurant industry and lowered full-year guidance contributed to the negative market sentiment towards Lamb Weston.
  • The overall bearish movement in LW's stock price can be attributed to the disappointing financial performance and outlook, highlighting the importance of operational efficiency and market demand in driving investor confidence.

LW Price Chart

LW News

Why Lamb Weston (LW) Shares Are Falling Today

Shares of potato products company Lamb Weston (NYSE:LW) fell 16.1% in the morning session after the company reported first-quarter results with revenue and EPS falling below analysts'' estimates as the business transition to a new enterprise resource planning system (ERP) significantly disrupted its operations. According to management, the "ERP transition temporarily reduced the visibility of finished goods inventories located at distribution centers, which affected our ability to fill customer orders. In turn, this pressured sales volume and margin performance". Lamb Weston also noted soft demand for restaurants in general and lowered its full-year revenue and EPS guidance, missing Wall Street''s estimates. Overall, this was a bad quarter for Lamb Weston.

https://stockstory.org/nyse/lw/why-it-moves-single/why-lamb-weston-lw-shares-are-falling-today

News Article Image Why Lamb Weston (LW) Shares Are Falling Today

Fear & Greed Index Moves To 'Neutral' Zone Ahead Of Jobs Report; Dow Records Worst Session Since March 2023 - Byrna Technologies ( NASDAQ:BYRN ) , Greenbrier Companies ( NYSE:GBX )

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index moving to the "Neutral" zone on Thursday. U.S. stocks closed lower on Thursday, with the Dow Jones index recording its worst session since March 2023 and also logging losses for the fourth straight ...

https://www.benzinga.com/news/earnings/24/04/38104774/fear-greed-index-moves-to-neutral-zone-ahead-of-jobs-report-dow-records-worst-session-since-march-2

News Article Image Fear & Greed Index Moves To 'Neutral' Zone Ahead Of Jobs Report; Dow Records Worst Session Since March 2023 - Byrna Technologies  ( NASDAQ:BYRN ) , Greenbrier Companies  ( NYSE:GBX )

Lamb Weston: I''m Buying The 20% Post-Earnings Plunge

No summary available.

https://seekingalpha.com/article/4682292-lamb-weston-q3-earnings-buying-20-percent-post-earnings-plunge?source=feed_all_articles

News Article Image Lamb Weston: I''m Buying The 20% Post-Earnings Plunge

Company News for Apr 5, 2024

Companies In The News Are: LEVI, LW, CAG, SMPL.

https://www.zacks.com/stock/news/2250833/company-news-for-apr-5-2024

News Article Image Company News for Apr 5, 2024

LW Earnings: Lamb Weston Stock Drops on Q3 Miss, Lowers Outlook

Lamb Weston (NYSE:LW) stock dropped more than 19% in yesterday’s trading session after the company reported weaker-than-expected Q3 results. Also, …

https://www.tipranks.com/news/lw-earnings-lamb-weston-stock-drops-on-q3-miss-lowers-outlook

News Article Image LW Earnings: Lamb Weston Stock Drops on Q3 Miss, Lowers Outlook

Lamb Weston Holdings Inc. Price History

05.03.2024 - LW Stock was down 8.0%

  • Lamb Weston (LW) experienced a sharp decline of 16.1% after reporting first-quarter results that fell below analysts' estimates, primarily due to disruptions caused by transitioning to a new enterprise resource planning system (ERP).
  • The ERP transition impacted the company's visibility of finished goods inventories, leading to difficulties in fulfilling customer orders, ultimately affecting sales volume and margin performance.
  • Additionally, soft demand in the restaurant industry and lowered full-year guidance contributed to the negative market sentiment towards Lamb Weston.
  • The overall bearish movement in LW's stock price can be attributed to the disappointing financial performance and outlook, highlighting the importance of operational efficiency and market demand in driving investor confidence.

05.03.2024 - LW Stock was down 8.0%

  • Today, the stock LW experienced a significant bearish movement due to the following reasons:
  • LW reported weaker-than-expected Q3 results, leading to a drop of more than 19% in its stock price.
  • The company also lowered its outlook, which further dampened investor sentiment.
  • The overall market downturn added to LW's woes, with the stock being the biggest hit in the U.S. markets on Thursday.
  • Investors might be concerned about LW's future performance, as indicated by the strategic SWOT insight analysis, contributing to the bearish trend in the stock price.

05.03.2024 - LW Stock was down 8.0%

  • LW stock experienced a significant bearish movement following the company's weaker-than-expected Q3 results, dropping more than 19%.
  • The company's lowered outlook and negative impact on operations due to the ERP transition contributed to the market's negative sentiment towards LW.
  • Investors reacted strongly to the news, causing LW to be the biggest hit in the U.S. markets on that day.
  • The strategic SWOT insight on LW may have highlighted weaknesses or threats that further fueled the bearish sentiment towards the stock.

05.03.2024 - LW Stock was down 8.0%

  • LW stock experienced a strong bearish movement following the release of disappointing third-quarter financial results, missing both earnings per share and revenue estimates.
  • The negative impact on operations due to the ERP transition also contributed to the downward trend in LW stock.
  • The overall market sentiment towards LW was further exacerbated by the broader market drop on Thursday, where the company took the biggest hit among the stocks trading heavily.
  • Despite positive movements in other companies like Levi Strauss and Conagra Brands, LW faced challenges that led to its significant decline in stock price.

04.03.2024 - LW Stock was down 8.0%

  • The company's third-quarter financial performance fell short of expectations, with lower earnings per share and revenue.
  • Issues related to an ERP transition had a negative effect on operations, contributing to the disappointing results.
  • Additionally, the company's less-than-optimistic guidance further fueled investor worries, resulting in a drop in the stock price.
  • In conclusion, the market downturn for Lamb Weston can be linked to subpar financial results, operational hurdles due to the ERP transition, and a less encouraging outlook for the future.

04.03.2024 - LW Stock was down 19.1%

  • LW reported lower-than-expected earnings per share and revenue for the third quarter of 2024, missing analyst estimates.
  • The stock tumbled due to weak guidance and a software issue that affected third-quarter sales, leading to a downward revision of the full-year outlook.
  • The implementation of a new enterprise resource planning system in North America and soft restaurant traffic were cited as contributing factors to the disappointing results.
  • Investors reacted negatively to the news, resulting in a sharp decline in LW stock price as market sentiment turned bearish on the company's performance and outlook.

04.03.2024 - LW Stock was down 19.8%

  • Today's bearish movement in Lamb Weston stock can be attributed to a combination of factors:
  • Weak earnings and lowered full-year guidance due to a software issue affecting third-quarter sales.
  • Ongoing investigation into potential violations of securities laws by Lamb Weston might have added to investor concerns.
  • Missing analyst consensus estimates for third-quarter sales growth leading to a significant drop in share price.
  • Overall market conditions contributed to the negative sentiment surrounding the stock, with U.S. stocks trading higher while Lamb Weston moved sharply lower.

04.03.2024 - LW Stock was down 21.2%

  • Lamb Weston's stock had a strong bearish movement due to:
  • Missing analyst consensus estimates for third-quarter FY24 sales growth.
  • Cutting its FY24 outlook after reporting weak third-quarter results.
  • Facing an investigation into potential securities law violations, leading to investor concerns.
  • Despite aligning with EPS projections, the company is encountering challenges with its ERP system.
  • This combination of factors likely contributed to the significant drop in Lamb Weston's stock price.

04.03.2024 - LW Stock was down 18.8%

  • Earnings decreased in the third quarter for Lamb Weston Holdings Inc., likely impacting the stock negatively.
  • Missing non-GAAP EPS and revenue estimates disappointed investors, resulting in a stock price drop.
  • Challenges with the ERP system and revenue estimate misses for Q1 led to an 11.9% stock decline, raising concerns about the company's performance and growth.
  • An ongoing investigation into potential securities law violations may have amplified negative sentiment around the stock, prompting investors to sell their positions.

04.03.2024 - LW Stock was down 17.4%

  • Lamb Weston reported a Non-GAAP EPS that missed expectations by $0.25 and revenue that fell short by $190M, leading to investor disappointment.
  • Missing Q1 revenue estimates resulted in a sharp 11.9% drop in LW stock, indicating a lack of confidence in the company's financial performance.
  • Despite being a leading player in its industry, Lamb Weston's lower adjusted earnings for the third quarter of 2024 contributed to the negative market sentiment towards the stock.
  • The bearish movement in LW stock contrasts with the overall market sentiment, where investor optimism improved but the Dow Jones index recorded losses for the third consecutive session, reflecting a mixed market performance.

04.03.2024 - LW Stock was down 13.2%

  • The bearish movement in Lamb Weston Holdings Inc. (LW) today could be attributed to profit-taking by investors after a notably bullish stance on the stock in recent trading sessions.
  • Despite expectations of gains from pricing strategies and capacity expansion, concerns over costs and volumes may have weighed on investor sentiment, leading to the downward movement in the stock price.
  • It's possible that the overall market sentiment, as indicated by the Fear and Greed index, and mixed performance of U.S. stocks, including the Dow Jones index recording losses, also contributed to the bearish trend in LW today.

12.09.2023 - LW Stock was down 7.9%

  • The stock LW experienced a strong bearish movement today.
  • The article mentioning the largest wage increases impacting the company's stock could indicate concerns about rising labor costs, potentially affecting profitability.
  • The increase in Lamb Weston's share repurchase authorization and dividend payout ratio target mentioned in another article might have been overshadowed by the negative sentiment surrounding the wage increases.
  • The bearish stance taken by a significant investor, as highlighted in the article, could have contributed to the downward pressure on the stock.
  • It is important to note that the news articles do not provide a clear link between the bearish movement and a specific event, but the wage increases and investor sentiment may have influenced market sentiment towards the stock.

11.09.2023 - LW Stock was down 5.3%

  • The stock of LW experienced a strong bearish movement today.
  • The reaffirmation of the financial outlook and boost in share repurchases by LW did not seem to positively impact the market sentiment.
  • The decrease in stake by Leeward Investments LLC MA may have contributed to the bearish movement.
  • The upcoming competition from other retailers during Amazon's "Big Deal Days" event might have also affected investor sentiment towards LW.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.