Here is how La-Z-Boy (LZB) and Naspers Ltd. (NPSNY) have performed compared to their sector so far this year.
La-Z-Boy (LZB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
NMM, ODP and LZB made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 24, 2024.
La-Z-Boy (LZB) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
La-Z-Boy Incorporated (NYSE:LZB ) Q4 2024 Earnings Conference Call June 18, 2024 8:30 AM ET Company Participants Melinda Whittington - President, Chief Executive Officer Bob Lucian - Senior Vice President, Chief Financial Officer Mark Becks - Director of IR & Corporate Development Conference Call Participants Brad Thomas - KeyBanc Capital Market Bobby Griffin - Raymond James Operator Good morning, everyone. Welcome to the La-Z-Boy Fiscal 2024 Fourth Quarter Conference Call.
Reduced spending on furniture and home furnishings, with overall declining store visits, hurts La-Z-Boy's (LZB) fourth-quarter fiscal 2024 results.
Shares in furniture maker La-Z-Boy (LZB) jumped more than 9% ahead of Tuesday's opening bell after the company eased investors' fears over slowing consumer spending and a sluggish housing market by announcing quarterly results and forward sales guidance that came in above analysts' expectations.
La-Z-Boy (LZB) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.99 per share a year ago.
Shares of La-Z-Boy Inc. rallied after hours on Monday after the maker of recliners and other furniture reported fourth-quarter results that topped expectations despite a “volatile” furniture industry hit by a largely frozen housing market.
Softened demand for home furnishings space is expected to have dented La-Z-Boy's (LZB) fourth-quarter fiscal 2024 performance.