La-Z-Boy Q3 EPS $0.67 Misses $0.72 Estimate, Sales $500.41M Miss $523.09M Estimate
Portfolio Pulse from Happy Mohamed
La-Z-Boy reported Q3 earnings of $0.67 per share, missing the consensus estimate of $0.72, and sales of $500.41M, missing the estimate of $523.09M. This represents a decrease in earnings and sales from the same period last year.
February 20, 2024 | 9:16 pm
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NEGATIVE IMPACT
La-Z-Boy's Q3 earnings and sales missed analyst estimates, with a significant decrease compared to last year.
Missing both earnings and sales estimates indicates underperformance, which typically leads to negative investor sentiment and potentially a decrease in stock price in the short term. The significant year-over-year decrease in earnings and sales further compounds the negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100