LaZBoy Inc. (LZB) - Get LaZBoy Incorporated Report is expected to report adjusted net income of $30.2 million, or 64 cents a share, on sales of $456.8 million, after the market closes on Tuesday, based on a FactSet survey of 4 analysts.
In the same period a year ago, the company posted earnings of 66 cents a share on sales of $420 million. It reported net income of $12 million.
The stock has fallen 5.2% since the company last reported earnings on Feb. 19.
Quarterly estimates have fallen 5.5 cents a share in the past month.
LaZBoy is currently trading at a price-to-forward-earnings ratio of 12.9 based on the 12-month estimates of 4 analysts surveyed by FactSet.
In the upcoming quarter analysts are forecasting adjusted net income of $17.2 million, or 40 cents a share, on sales of $421.9 million.