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WESTERVILLE, Ohio , Jan. 24, 2023 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) announced today that it will release its second quarter fiscal year 2023 financial results prior to the opening of the market on Thursday, February 2, 2023. The company will also host a conference call that same day beginning at 10:00 am ET to review its financial results.
Lancaster Colony Corporation beat Q1 earnings estimates in November by a significant margin. Shares have come back down to test support. We believe support will hold here.
Lancaster Colony Corporation (NASDAQ:LANC ) Q1 2023 Results Conference Call November 3, 2022 10:00 AM ET Company Participants Dale Ganobsik - Vice President, Investor Relations and Treasurer Dave Ciesinski - President, Chief Executive Officer Tom Pigott - Vice President, Chief Financial Officer Conference Call Participants Brian Holland - Cowen and Company Connor Rattigan - Consumer Edge Research Andrew Wolf - CL King Operator Good morning. My name is Rocco, and I will be your conference call facilitator today.
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Lancaster Colony (LANC) delivered earnings and revenue surprises of 11.48% and 0.83%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
With markets continuing to decline, investors might be interested in identifying stable companies that can help defend their portfolio. Thus, in this article, we will examine two consumer staple names that meet the following criteria, as I believe stocks with these qualifications have a higher chance of doing well even in a bear market:
Amid Fed-induced sell-off, investing in risk-adjusted stocks like PepsiCo (PEP), Lancaster Colony (LANC), Chesapeake Utilities (CPK), NextEra Energy (NEE) and Otter Tail (OTTR) seems prudent at the moment.
We have narrowed our search to five stocks that have popped in the past month. These are : NTNX, INSW, STOR, LANC and AMPS.
Lancaster Colony (LANC) could produce exceptional returns because of its solid growth attributes.
It is imperative to build a portfolio of low-beta stocks to sail through a choppy market. Scorpio Tankers (STNG), Ardmore Shipping (ASC), Lancaster (LANC) and BJ's Wholesale (BJ) are poised to gain.