La-Z-Boy Q3 Earnings Preview

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:

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.