La-Z-Boy Inc reports results for the quarter ended July 31 - Earnings Summary

• La-Z-Boy Inc LZB.N reported quarterly adjusted earnings of 47 cents​​ per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of 62 cents. The mean expectation of three analysts for the quarter was for earnings of 55 cents per share. Wall Street expected results to range from 52 cents to 60 cents per share.

• Revenue fell 0.7% to $492.23 million from a year ago; analysts expected $494.00 million.

• La-Z-Boy Inc's reported EPS for the quarter was 44 cents​.

• The company reported quarterly net income of $18.2 million.

• La-Z-Boy Inc shares had risen by 3.1% this quarter and lost 12.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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, about 15% above its last closing price of $39.11

This summary was machine generated from LSEG data August 19 at 09:01 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)