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

La-Z-Boy

20/08/2024 22:01

* La-Z-Boy Inc  LZB.N  reported quarterly adjusted earnings
of 62
cents​​ per share for the quarter ended in January, identical to
the same quarter last year.  The mean expectation of
three analysts for the quarter was for earnings of 60 cents per
share. Wall Street expected results to range from 59 cents to 60
cents per share.
    * Revenue rose 2.9% to $495.53 million from a year ago;
analysts
expected $479.70 million. 
    * La-Z-Boy Inc's reported EPS for the quarter was 61 cents​.
    * The company reported quarterly net income of $26.16
million.
    * La-Z-Boy Inc shares had risen by 15.1% this quarter and
gained 16.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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
$45.00 
This summary was machine generated from LSEG data August 20 at
09:01 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
 Jul. 31 2024                     0.62           
 Apr. 30 2024      0.70           0.95           Beat
 Jan. 31 2024      0.72           0.67           Missed
 Oct. 31 2023      0.62           0.74           Beat