La-Z-Boy Inc reports results for the quarter ended in October - Earnings Summary
29/11/2023 23:32
* La-Z-Boy Inc LZB.N reported quarterly adjusted earnings
of 74
cents per share for the quarter ended in October, lower than
the same quarter last year, when the company reported EPS of
$1.05. The mean expectation of three analysts for the quarter
was for earnings of 62 cents per share. Wall Street expected
results to range from 61 cents to 63 cents per share.
* Revenue fell 16.3% to $511.44 million from a year ago;
analysts
expected $502.33 million.
* La-Z-Boy Inc's reported EPS for the quarter was 63 cents.
* The company reported quarterly net income of $27.2
million.
* La-Z-Boy Inc shares had risen by 1.8% this quarter and
gained 37.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged 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."
* Wall Street's median 12-month price target for La-Z-Boy
Inc is
$43.00
This summary was machine generated from LSEG data November 29 at
11:31 p.m. UTC. All figures in US dollars unless otherwise
stated. QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
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
Jan. 31 2023 0.66 0.91 Beat