Furniture company La-Z-Boy (NYSE: LZB) will be reporting earnings this Tuesday after market close. Here’s what to look for.
La-Z-Boy met analysts’ revenue expectations last quarter, reporting revenues of $492.2 million, flat year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and a miss of analysts’ adjusted operating income estimates.
Is La-Z-Boy a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting La-Z-Boy’s revenue to be flat year on year at $516.5 million, slowing from the 1.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.54 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. La-Z-Boy has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.5% on average.
Looking at La-Z-Boy’s peers in the home furnishings segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Somnigroup delivered year-on-year revenue growth of 63.3%, beating analysts’ expectations by 3%, and Purple reported flat revenue, falling short of estimates by 3.6%. Somnigroup traded up 14.6% following the results while Purple was down 11.7%.
Read our full analysis of Somnigroup’s results here and Purple’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the home furnishings stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.9% on average over the last month. La-Z-Boy is down 5.9% during the same time and is heading into earnings with an average analyst price target of $41 (compared to the current share price of $30.37).
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