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La-Z-Boy (NYSE: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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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