La-Z-Boy Inc reports results for the quarter ended in January - Earnings Summary
21/02/2024 11:00
* La-Z-Boy Inc LZB.N reported quarterly adjusted earnings
of 67
cents per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 91
cents. The mean expectation of three analysts for the quarter
was for earnings of 72 cents per share. Wall Street expected
results to range from 68 cents to 77 cents per share.
* Revenue fell 12.6% to $500.41 million from a year ago;
analysts
expected $523.09 million.
* La-Z-Boy Inc's reported EPS for the quarter was 66 cents.
* The company reported quarterly net income of $28.64
million.
* La-Z-Boy Inc shares had risen by 2.2% this quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 7.7%
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 February 21 at
10:59 a.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
Jan. 31 2024 0.72 0.67 Missed
Oct. 31 2023 0.62 0.74 Beat
Jul. 31 2023 0.55 0.62 Beat
Apr. 30 2023 0.72 0.99 Beat