5 Stocks That Rebounded This Week

4. Lamb Weston Holdings, Inc. (NYSE:LW)

Number of Hedge Fund Holders: 35

Lamb Weston Holdings, Inc. (NYSE:LW) shares rebounded this week after smashing profit expectations for its fiscal first quarter. The food processing company earned 75 cents per share on an adjusted basis, topping estimates of 49 cents.

Revenue for the quarter grew 14 percent on a year-over-year basis to $1.126 billion, nearly in line with the consensus. In addition, Lamb Weston Holdings, Inc. (NYSE:LW) reported that it repurchased $28 million worth of its common stock during the quarter.

For its fiscal 2023, Lamb Weston Holdings, Inc. (NYSE:LW) continues to expect adjusted earnings in the range of $2.45 – $2.85 per share, against analysts’ average estimate of $2.79 per share.