La-Z-Boy (NYSE: LZB) reported earnings on Feb. 21. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Jan. 28 (Q3), La-Z-Boy beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue improved and GAAP earnings per share expanded significantly.

Margins improved across the board.

Revenue details
 La-Z-Boy booked revenue of $316.5 million. The four analysts polled by S&P Capital IQ foresaw revenue of $307.5 million on the same basis. GAAP reported sales were 8.4% higher than the prior-year quarter's $291.9 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.28. The five earnings estimates compiled by S&P Capital IQ predicted $0.18 per share. GAAP EPS of $0.28 for Q3 were 47% higher than the prior-year quarter's $0.19 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 31.5%, 130 basis points better than the prior-year quarter. Operating margin was 5.4%, 190 basis points better than the prior-year quarter. Net margin was 4.7%, 130 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $335.8 million. On the bottom line, the average EPS estimate is $0.26.

Next year's average estimate for revenue is $1.23 billion. The average EPS estimate is $0.63.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 124 members out of 276 rating the stock outperform, and 152 members rating it underperform. Among 87 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give La-Z-Boy a green thumbs-up, and 58 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 $14.08.

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