Lamb Weston Holdings, Inc. (LW) is set to report second-quarter earnings before the opening bell on Friday, December 19, and Wall Street is watching to see if the french fry giant can maintain momentum from its decent first-quarter performance.
Analysts are expecting the Eagle, Idaho-based company to post quarterly earnings of 65 cents per share, which would represent a slight decline from 66 cents per share in the year-ago period. The consensus revenue estimate sits at $1.59 billion, compared to $1.6 billion last year.
The company showed some resilience last quarter. On September 30, Lamb Weston reported first-quarter fiscal 2026 net sales of $1.66 billion, up modestly from $1.65 billion a year earlier and notably ahead of the $1.62 billion consensus estimate.
Shares of Lamb Weston fell 0.2% to close at $59.33 on Thursday.
What the Best Analysts Are Saying
Looking at recent forecasts from analysts with strong track records, the outlook is decidedly mixed. Here's how some of Wall Street's most accurate analysts have been positioning themselves:
B of A Securities analyst Peter Galbo, who has a 53% accuracy rate, maintained a Neutral rating on October 1, 2025, while raising his price target from $60 to $66. That suggests he sees modest upside from current levels but isn't ready to get too excited.
Stifel analyst Matthew Smith, also with a 53% accuracy rate, maintained a Hold rating but actually cut his price target from $63 to $56 on April 24, 2025. That move implies some concern about near-term headwinds.
Jefferies analyst Rob Dickerson stands out as the most bullish of the group with a Buy rating, though even he trimmed his price target from $80 to $75 on April 11, 2025. Dickerson carries the highest accuracy rate among these analysts at 66%.
Meanwhile, Barclays analyst Lauren Lieberman, sporting a 60% accuracy rate, maintained an Overweight rating but made the most significant price target cut—dropping from $87 to $69 on December 23, 2024.
The pattern here is interesting. Most analysts are holding their ratings steady but adjusting their price targets, which suggests the overall investment thesis remains intact even as they recalibrate their expectations based on market conditions and company performance.
