Lamb Weston (LW) Moves 6.8% Higher: Will This Strength Last?

Lamb Weston (LW) shares rallied 6.8% in the last trading session to close at $79.27. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 7.7% loss over the past four weeks.Lamb Weston shares surged following reports that Post Holdings is exploring a potential deal with the Idaho based company. Apart from this, Lamb Weston has been benefiting from a favorable pricing environment and seeing strong results from its ongoing Restructuring Plan.This frozen foods supplier is expected to post quarterly earnings of $1.07 per share in its upcoming report, which represents a year-over-year change of -26.2%. Revenues are expected to be $1.67 billion, down 3.5% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Lamb Weston, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on LW going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Lamb Weston belongs to the Zacks Food - Miscellaneous industry. Another stock from the same industry, Sysco (SYY), closed the last trading session 0.3% higher at $79.96. Over the past month, SYY has returned 6.4%.Sysco's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.93. Compared to the company's year-ago EPS, this represents a change of +4.5%. Sysco currently boasts a Zacks Rank of #4 (Sell).7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.1% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lamb Weston (LW): Free Stock Analysis Report Sysco Corporation (SYY): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks