La-Z-Boy Incorporated (NYSE:LZB) is reporting first quarter financial results on Tuesday 18th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, LZB is expected to report 1Q21 loss of $ 0.13 per share from revenue of $ 289.74 million.
For the full year, analysts anticipate top line of $ 1628.29 million, while looking forward to income of $ 1.44 per share bottom line.
Previous Quarter Performance
La-Z-Boy Incorporated posted income for the fourth quarter of $ 0.49 per share, from the revenue of $ 367.28 million. The quarterly earnings fell 23.44 percent while revenues contracted 19.06 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.31 per share from $ 410.80 million in revenue. The bottom line results beat street analysts by $ 0.18 or 58.06 percent, at the same time, top line results fell short of analysts by $ 43.52 million or 10.59 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of LZB was $ 32.75, representing a 109.80 % increase from the 52 week low of $ 15.61 and a 12.62 % decrease over the 52 week high of $ 37.48.
The company has a market capital of $ 1.52 billion and is part of the Consumer Cyclical sector and Home Furnishings & Fixtures industry.
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Conference Call
La-Z-Boy Incorporated will be hosting a conference call at 8:30 AM eastern time on 19th August 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.la-z-boy.com
La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Upholstery, Casegoods, and Retail segments. The Upholstery segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas.
