The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict La-Z-Boy's revenues will expand 9.0% and EPS will grow 55.6%.
The average estimate for revenue is $356.9 million. On the bottom line, the average EPS estimate is $0.28.
Last quarter, La-Z-Boy reported revenue of $349.1 million. GAAP reported sales were 10% higher than the prior-year quarter's $316.5 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 $0.28. GAAP EPS of $0.32 for Q3 were 14% higher than the prior-year quarter's $0.28 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 32.5%, 100 basis points better than the prior-year quarter. Operating margin was 6.7%, 130 basis points better than the prior-year quarter. Net margin was 4.9%, 20 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $1.33 billion. The average EPS estimate is $0.79.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 119 members out of 264 rating the stock outperform, and 145 members rating it underperform. Among 69 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give La-Z-Boy a green thumbs-up, and 38 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 $18.75.
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