The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict La-Z-Boy's revenues will expand 6.7% and EPS will compress -17.9%.
The average estimate for revenue is $337.7 million. On the bottom line, the average EPS estimate is $0.23.
Last quarter, La-Z-Boy reported revenue of $322.3 million. 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.
Last quarter, non-GAAP EPS came in at $0.17. 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.
For the preceding quarter, gross margin was 31.9%, 80 basis points better than the prior-year quarter. Operating margin was 4.1%, 10 basis points better than the prior-year quarter. Net margin was 2.1%, 50 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.31 billion. The average EPS estimate is $0.73.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 117 members out of 261 rating the stock outperform, and 144 members rating it underperform. Among 84 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give La-Z-Boy a green thumbs-up, and 49 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.
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