La-Z-Boy Inc reports results for the quarter ended in April - Earnings Summary

La-Z-Boy

17/06/2024 23:14

* La-Z-Boy Inc  LZB.N  reported quarterly adjusted earnings
of 95
cents​​ per share for the quarter ended in April, lower than the
same quarter last year, when the company reported EPS of 99
cents.  The mean expectation of three analysts for the quarter
was for earnings of 70 cents per share. Wall Street expected
results to range from 68 cents to 73 cents per share.
    * Revenue fell 1.4% to $553.54 million from a year ago;
analysts
expected $516.44 million. 
    * La-Z-Boy Inc's reported EPS for the quarter was 91 cents​.
    * The company reported quarterly net income of $39.31
million.
    * La-Z-Boy Inc shares had fallen by 10.4% this quarter and
lost 8.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the home
furnishings
peer group is also "buy"

Wall Street's median 12-month price target for La-Z-Boy Inc is
$43.00 
This summary was machine generated from LSEG data June 17 at
10:14 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      0.70           0.95           Beat
 Jan. 31 2024      0.72           0.67           Missed
 Oct. 31 2023      0.62           0.74           Beat
 Jul. 31 2023      0.55           0.62           Beat