La-Z-Boy Inc expected to post earnings of 62 cents a share - Earnings Preview
27/11/2023 21:17
* La-Z-Boy Inc LZB.N LZB is expected to show a fall in
quarterly revenue when it reports results on November 29 for
the period ending July 31 2023
* The Monroe Michigan-based company is expected to report a
17.8% decrease in revenue to $502.331 million from $611.33
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on August 22
2023, for the period ended October 31, was for revenue between
$490.00 million and $510.00 million.
* LSEG's mean analyst estimate for La-Z-Boy Inc is for
earnings
of 62 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
$43.00, above its last closing price of $31.66.
The company's guidance on August 22 2023 for the period ended
October 31 was for Earnings before Interest and Taxes between
USD31.85 million and USD38.25 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Jul. 31 2023 0.55 0.55 0.62 Beat 12
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. 0.67 0.67 0.91 Beat 35.1
31 2022
Apr. 30 2022 0.92 1.07 Beat 16.3
Jan. 31 2022 0.89 0.89 0.65 Missed -27.2
Oct. 31 2021 0.73 0.73 0.85 Beat 16.4
This summary was machine generated November 27 at 21:17 GMT.
All figures in US dollars unless otherwise stated