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La-Z-Boy (LZB) Q3 Earnings: What To Count on
Furnishings firm La-Z-Boy (NYSE:)
will probably be reporting earnings tomorrow after the bell. This is what to search for.
Final quarter La-Z-Boy reported revenues of $511.4 million, down 16.3% 12 months on 12 months, beating analyst income expectations by 1.8%. It was a stable quarter for the corporate, with an honest beat of analysts’ income estimates.
Is La-Z-Boy purchase or promote heading into the earnings? Discover out by studying the unique article on StockStory.
This quarter analysts expect La-Z-Boy’s income to say no 8.1% 12 months on 12 months to $526.2 million, a deceleration on the 0.2% year-over-year enhance in income the corporate had recorded in the identical quarter final 12 months. Adjusted earnings are anticipated to return in at $0.74 per share.
Majority of analysts protecting the corporate have reconfirmed their estimates over the past thirty days, suggesting they’re anticipating the enterprise to remain the course heading into the earnings. The corporate has a historical past of exceeding Wall St’s expectations, beating income estimates each single time over the previous two years on common by 3.6%.
Taking a look at La-Z-Boy’s friends within the dwelling furnishings section, a few of them have already reported Q3 earnings outcomes, giving us a touch of what we are able to anticipate. Mohawk Industries (NYSE:)’s revenues decreased 1.4% 12 months on 12 months, beating analyst estimates by 1.8% and Tempur Sealy (NYSE:) reported income decline of 1.4% 12 months on 12 months, lacking analyst estimates by 0.4%. Mohawk Industries traded up 0.3% on the outcomes, and Tempur Sealy was down 2.1%.
Learn the complete evaluation of Mohawk Industries’s and Tempur Sealy’s outcomes on StockStory.
Buyers within the dwelling furnishings section have had regular fingers going into the earnings, with the shares down on common 0.1% over the past month. La-Z-Boy is up 6.5% throughout the identical time, and is heading into the earnings with analyst value goal of $43, in comparison with share value of $38.0.
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