La-Z-Boy Inc expected to post earnings of 55 cents a share - Earnings Preview
18/08/2023 21:07
* La-Z-Boy Inc LZB.N LZB is expected to show a fall in
quarterly revenue when it reports results on August 22.
* The Monroe Michigan-based company is expected to report
a
21.4% decrease in revenue to $474.577 million from $604.09
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. The company's guidance on
June 20 2023, for the period ended July 31, was for revenue
between $470.00 million and $490.00 million.
* Refinitiv's mean analyst estimate for La-Z-Boy Inc is for
earnings of 55 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for La-Z-Boy
Inc is
$43, above its last closing price of $30.75.
The company's guidance on June 20 2023 for the period ended July
31 was for Earnings before Interest and Taxes between USD30.55
million and USD36.75 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT IBES MET, SE %
E® ESTIMATE MISSED
Apr. 30 2023 0.72 0.72 0.99 Beat 37.5
Jan. 31 2023 0.66 0.66 0.91 Beat 38.6
Oct. 31 2022 0.86 0.85 1.05 Beat 23
Jul. 31 2022 0.67 0.67 0.91 Beat 35.1
Apr. 0.92 1.07 Beat 16.3
30 2022
Jan. 31 2022 0.89 0.89 0.65 Missed -27.2
Oct. 31 2021 0.73 0.73 0.85 Beat 16.4
Jul. 31 2021 0.56 0.56 0.55 Missed -2.4
This summary was machine generated August 18 at 20:07 GMT. All
figures in US dollars unless otherwise stated