🍟📈 LAMB WESTON ANALYSIS

in LAKSHMI • 3 years ago

1
Lamb Weston Holdings reported 2nd Quarter November 2021 earnings of $0.50 per share on revenue of $1.0 billion. The consensus earnings estimate was $0.33 per share on revenue of $1.0 billion. Revenue grew 12.3% on a year-over-year basis.
The company said it continues to expect fiscal 2022 revenue to be above $3.77 billion. The current consensus revenue estimate is $4.05 billion for the year ending May 31, 2022.
Lamb Weston, along with its joint venture partners, is a leading supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world.

2
Since 06.01.2022 the stock is consolidating within an area ranging from $71.58 - $67.02.

WHAT DO I EXPECT NEXT?

3
I can imagine that the Lamb Weston stock will continue to consolidate within the range and might break out of its consolidation channel as soon as the entire market has strength. If the stock moves above $71.58 with higher than average volume, it might be beneficial to buy the stock. When the stock price closes below its temporary low at $67.02 the trading scenario is invalid.

What are your thoughts? Leave a comment down below 👇

🚫 No investment advice, I am just displaying my personal opinion which might be wrong!

Lamb Weston.png

#stocks #investing #trading
3 years ago in LAKSHMI by
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