La-Z-Boy Q4 EPS $0.99 Beats $0.72 Estimate, Sales $561.29M Beat $533.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
La-Z-Boy reported Q4 earnings of $0.99 per share, beating the analyst consensus estimate of $0.72 by 37.5%. Quarterly sales were $561.29 million, surpassing the estimate of $533.03 million by 5.3%. However, this represents a decrease in earnings and sales compared to the same period last year.
June 20, 2023 | 8:17 pm
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POSITIVE IMPACT
La-Z-Boy's Q4 earnings and sales beat analyst estimates, but both figures decreased compared to the same period last year.
La-Z-Boy's better-than-expected Q4 earnings and sales are likely to have a positive short-term impact on its stock price. However, the decrease in earnings and sales compared to last year may temper the enthusiasm of some investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100