JUMP REPORT
LAZYBOY (LZB)
EARNINGS RELEASE - JUNE 23 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .20/share REV: 384.9/M
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LAST QTR: EPS: .63/share ACTUAL: .72/share (BEAT)
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NEXT QTR: EPS: -.31/share REV: 274.22/M
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FULL YR: EPS: 1.88/Share REV: 1,720/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 67% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 9.13, 12.01, 11.86
EXPECTED JUMP MOVE: 10-12%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
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.
Markets down, La-Z-Boy reports quarterly results Continue reading…
La-Z-Boy (LZB) delivered earnings and revenue surprises of 58.06% and -6.16%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
MONROE, Mich., June 23, 2020 — La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today reported its operating results for the fiscal 2020 fourth.
Looking into the current session, La-Z-Boy Inc. (NYSE: LZB) shares are trading at $27.86, after a 1.27% increase. Moreover, over the past month, the stock increased by 9.99%, but in the past year, decreased by 7.96%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.The stock is currently above from its 52 week low by 78.48%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Furnishings Fixtures & Appliances stocks, and capitalize on the lower share price observed over the year.The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.Depending on the particular phase of a business cycle, some industries will perform better than others.La-Z-Boy Inc. has a better P/E ratio of 17.0 than the aggregate P/E ratio of 8.49 of the Furnishings Fixtures & Appliances industry. Ideally, one might believe that La-Z-Boy Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued.P/E ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.See more from Benzinga * Morning Market Stats in 5 Minutes * Earnings Scheduled For June 23, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Avg Daily Volume: 336,862 Market Cap: 791.76M
Sector: Consumer Goods Short Interest: 5.73
Ticker delayed 20 minutes
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by Team Stockjumpers