La-Z-Boy LZB unveils its next round of earnings Tuesday. Get prepared with Benzinga's ultimate preview for La-Z-Boy's Q3 earnings.
Earnings and Revenue
Based on La-Z-Boy management projections, analysts predict EPS of 46 cents per share on revenue of $402.7 million.
In the same quarter last year, La-Z-Boy reported earnings per share of 47 cents per share on sales of $389.9 million. The Wall Street consensus estimate for earnings would represent a 2.13 percent decrease for the company. Sales would be up 3.27 percent on a year-over-year basis.
The company's reported EPS has stacked up against analyst estimates in the past like this:
Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
EPS Estimate | 0.45 | 0.29 | 0.46 | 0.45 |
EPS Actual | 0.44 | 0.21 | 0.57 | 0.47 |
Stock Performance
Over the last 52-week period, shares are down 0.51 percent. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
Analyst estimates have adjusted lower for EPS and revenues over the past 90 days. The average rating by analysts on La-Z-Boy stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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