NEW YORK (TheStreet) -- La-Z-Boy
(LZB) shares are down -5.1% to $22.03 in after-hours trading on Tuesday after reporting earnings from continuing operations of 20 cents per diluted share, 1 cent lower than analysts were expecting for the quarter.
Revenue for the quarter was $327 million, ahead of analysts expectations of $321 million.
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TheStreet Ratings team rates LA-Z-BOY INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate LA-Z-BOY INC (LZB) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: LZB Ratings Report
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