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

La-Z-Boy

22/08/2023 22:01

* La-Z-Boy Inc  LZB.N  reported quarterly adjusted earnings
of 62
cents​​ per share for the quarter ended in July. The mean
expectation of three analysts for the quarter was for earnings
of 55 cents per share.
    * Revenue fell 20.3% to $481.65 million from a year ago;
analysts
expected $474.58 million. 
    * La-Z-Boy Inc's reported EPS for the quarter was 63 cents​.
    * The mean earnings estimate of analysts had risen by
about 3.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * La-Z-Boy Inc shares had risen by 6.4% this quarter and
gained 33.6% so far this year.
    * The company reported quarterly net income of $27.48
million.
    * Wall Street's median 12-month price target for La-Z-Boy
Inc is
$43.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 22 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2023      0.55           0.62           Beat
 Apr. 30 2023      0.72           0.99           Beat
 Jan. 31 2023      0.66           0.91           Beat
 Oct. 31 2022      0.85           1.05           Beat