Lamb Weston (NYSE:LW) gained ground ahead of the company’s scheduled earnings release on Thursday. Bank of America included Lamb Weston in its recent list of short-term stock picks for the second quarter, saying it is optimistic the company will beat consensus earnings estimates.
Driven by strong demand and higher pricing, as well as more robust margins that come with these things, Lamb Weston has already done quite well for the quarters of the 2023 fiscal year that have been reported.
Analysts currently have high expectations regarding the third quarter as well. Based on what data is available on the market today, and assuming that analysts turn out to be accurate in their assessment, it is believed that the firm has some attractive upside from here. This is even after taking into consideration some nice upside that shares have experienced in recent months.
Analysts have high expectations, but these might not be unrealistic given current market conditions and how the company has fared as of late. In all, the company still seems to offer a decent upside for investors moving forward.
LW opened Wednesday up a mere 10 cents to $103.68.
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