Market Overview

La-Z-Boy Q3 Earnings Preview

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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.

Posted-In: Earnings News Previews Trading Ideas

 

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