La-Z-Boy Inc expected to post earnings of 70 cents a share - Earnings Preview
14/06/2024 21:18
* La-Z-Boy Inc LZB.N LZB is expected to show a fall in
quarterly revenue when it reports results on June 17 for the
period ending April 30 2024
* The Monroe Michigan-based company is expected to report a
8.0% decrease in revenue to $516.442 million from $561.29
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on February
20 2024, for the period ended April 30, was for revenue between
$505.00 million and $535.00 million.
* LSEG's mean analyst estimate for La-Z-Boy Inc is for
earnings
of 70 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 $34.77.
The company's guidance on February 20 2024 for the period ended
April 30 was for Earnings before Interest and Taxes between
USD35.35 million and USD42.8 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
Jan. 31 2024 0.72 0.72 0.67 Missed -7.4
Oct. 31 2024 0.62 0.62 0.74 Beat 19.4
Jul. 31 2023 0.55 0.55 0.62 Beat 12
Jan. 1 0001 0.72 0.72 0.99 Beat 37.5
Jan. 0.66 0.66 0.91 Beat 38.6
31 2023
Oct. 31 2022 0.86 0.85 1.05 Beat 23
Jul. 31 2022 0.67 0.67 0.91 Beat 35.1
Apr. 30 2022 0.92 1.07 Beat 16.3
This summary was machine generated June 14 at 20:18 GMT. All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)