La-Z-Boy Inc expected to post earnings of 72 cents a share - Earnings Preview
16/02/2024 22:17
* La-Z-Boy Inc LZB.N LZB is expected to show a fall in
quarterly revenue when it reports results on February 20 for
the period ending January 31 2024
* The Monroe Michigan-based company is expected to report a
8.7% decrease in revenue to $523.087 million from $572.72
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on November
29 2023, for the period ended January 31, was for revenue
between $515.00 million and $535.00 million.
* LSEG's mean analyst estimate for La-Z-Boy Inc is for
earnings
of 72 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 $38.03.
The company's guidance on November 29 2023 for the period ended
January 31 was for Earnings before Interest and Taxes between
USD36.05 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
Oct. 31 2023 0.62 0.62 0.74 Beat 19.4
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. 0.86 0.85 1.05 Beat 23
31 2022
Jul. 31 2022 0.67 0.67 0.91 Beat 35.1
Apr. 30 2022 0.92 1.07 Beat 16.3
Jan. 31 2022 0.89 0.89 0.65 Missed -27.2
This summary was machine generated February 16 at 22:17 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)