Here’s What to Expect From La-Z-Boy in Q4 Earnings
La-Z-Boy Incorporated (NYSE: LZB) is slated to report its fourth-quarter fiscal 2024 earnings on Jun 17, after market close.
In the last reported quarter, the company’s earnings per share of 67 cents missed the Zacks Consensus Estimate of 75 cents and declined from the year-ago figure of 91 cents. Net sales of $500 million missed the consensus mark by 5% and declined 12.7% year over year.
LZB’s earnings topped the consensus mark in three of the trailing four quarters and missed on the remaining one occasion, the average surprise being 14.3%.
How Are Estimates Placed?
The Zacks Consensus Estimate for the company’s fiscal fourth-quarter EPS has been stable at 68 cents in the past 30 days. In the year-ago period, the company reported an EPS of 99 cents.
The consensus mark for net sales is pegged at $518.8 million, indicating a decline of 7.6% from the year-ago reported figure of $561.3 million.
La-Z-Boy Incorporated Price and EPS Surprise
La-Z-Boy Incorporated price-eps-surprise | La-Z-Boy Incorporated Quote
Key Factors to Consider
La-Z-Boy’s business is expected to have experienced lower net sales and earnings in the fiscal fourth quarter, owing to an industry-wide soft demand for home furnishings and reduced consumer discretionary spending. The furniture and home furnishings …
Full story available on Benzinga.com