Potato products company Lamb Weston (NYSE:LW) will be reporting earnings tomorrow before the bell. Here’s what to expect.

Lamb Weston beat analysts’ revenue expectations by 6.5% last quarter, reporting revenues of $1.65 billion, flat year on year. It was a strong quarter for the company, with a solid beat of analysts’ organic revenue estimates and full-year revenue guidance slightly topping analysts’ expectations.

Is Lamb Weston a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Lamb Weston’s revenue to decline 3.4% year on year to $1.67 billion, a reversal from the 35.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.01 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Lamb Weston has missed Wall Street’s revenue estimates twice over the last two years.

With Lamb Weston being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for consumer staples stocks. However, there has been positive investor sentiment in the segment, with share prices up 2.5% on average over the last month. Lamb Weston is up 9.7% during the same time and is heading into earnings with an average analyst price target of $83.08 (compared to the current share price of $82.32).

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