* La-Z-Boy Inc reported quarterly adjusted earnings of 71 cents per share for the quarter ended October 31, lower than the same quarter last year, when the company reported EPS of 74 cents. The mean expectation of three analysts for the quarter was for earnings of 64 cents per share. Wall Street expected results to range from 63 cents to 65 cents per share.
* Revenue rose 1.9% to $521.03 million from a year ago; analysts expected $505.98 million.
* La-Z-Boy Inc's reported EPS for the quarter was 71 cents.
* The company reported quarterly net income of $30.04 million.
* La-Z-Boy Inc shares had fallen by 0.3% this quarter and gained 15.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 12.7% 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 no "strong buy" or "buy," 3 "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 $43.00 This summary was machine generated from LSEG data November 19 at 10:01 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Oct. 31 2024 0.64 0.71 Beat
Jul. 31 2024 0.60 0.62 Beat
Apr. 30 2024 0.70 0.95 Beat
Jan. 31 2024 0.72 0.67 Missed
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