La-Z-Boy Inc reports results for the quarter ended April 30 - Earnings Summary

• La-Z-Boy Inc LZB.N reported quarterly adjusted earnings of 92 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of 95 cents. The mean expectation of three analysts for the quarter was for earnings of 93 cents per share. Wall Street expected results to range from 92 cents to 94 cents per share.

• Revenue rose 3.1% to $570.87 million from a year ago; analysts expected $557.44 million.

• La-Z-Boy Inc's reported EPS for the quarter was 36 cents​.

• The company reported quarterly net income of $14.93 million.

• La-Z-Boy Inc shares had fallen by 0.4% this quarter and lost 10.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the home furnishings peer group is also "hold"

• Wall Street's median 12-month price target for La-Z-Boy Inc is $46.00

This summary was machine generated from LSEG data June 17 at 09:43 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)