La-Z-Boy (NYSE: LZB) reported earnings on Nov. 28. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Oct. 27 (Q2), La-Z-Boy met expectations on revenues and missed estimates on earnings per share.

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

Gross margins were steady, operating margins shrank, net margins shrank.

Revenue details
La-Z-Boy tallied revenue of $322.3 million. The five analysts polled by S&P Capital IQ predicted a top line of $326.5 million on the same basis. GAAP reported sales were 4.8% higher than the prior-year quarter's $307.7 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 $0.17. The four earnings estimates compiled by S&P Capital IQ predicted $0.20 per share. GAAP EPS of $0.12 for Q2 were 20% lower than the prior-year quarter's $0.15 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 31.1%, about the same as the prior-year quarter. Operating margin was 3.3%, 70 basis points worse than the prior-year quarter. Net margin was 2.1%, 50 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $336.5 million. On the bottom line, the average EPS estimate is $0.26.

Next year's average estimate for revenue is $1.32 billion. The average EPS estimate is $0.82.

Investor sentiment
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 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 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 $17.63.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.