Does The Street Have La-Z-Boy Figured Out?
La-Z-Boy (NYS: LZB) is expected to report Q2 earnings on Nov. 28. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict La-Z-Boy's revenues will grow 6.1% and EPS will grow 33.3%.
The average estimate for revenue is $326.5 million. On the bottom line, the average EPS estimate is $0.20.
Last quarter, La-Z-Boy chalked up revenue of $301.5 million. GAAP reported sales were 7.6% higher than the prior-year quarter's $280.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.08. GAAP EPS of $0.08 for Q1 were 91% lower than the prior-year quarter's $0.85 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 29.7%, 80 basis points better than the prior-year quarter. Operating margin was 2.5%, 130 basis points better than the prior-year quarter. Net margin was 1.5%, 1,480 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.32 billion. The average EPS estimate is $0.82.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 119 members out of 263 rating the stock outperform, and 144 members rating it underperform. Among 73 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give La-Z-Boy a green thumbs-up, and 47 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on La-Z-Boy is outperform, with an average price target of $16.88.
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The article Does The Street Have La-Z-Boy Figured Out? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. TMFDisclosureHere