에 대한 최신 뉴스 La-Z-Boy (NYSE:LZB) 주식

La-Z-Boy

La-Z-Boy Inc is a U.S.-based company that manufactures, distributes, and retails upholstery furniture products. It is a producer of reclining chairs and distributors of residential furniture in the U.S. The company chiefly operates in the United States but also has secondary operations in Canada and other countries. The company's reportable segments include the Wholesale segment, which manufactures and imports upholstered furniture; and Retail, which sells upholstered and case goods furniture to the end consumer. The majority of the company's revenue is derived from its Wholesale segment.

Earnings

News

Pre-Market Outlook

Markets

Trading Ideas

KEYS

수요일 오전 (현지 시간 기준) 미국 주식 선물이 상승하면서 투자자들의 관심을 끌 수 있는 일부 주식은 다음과 같다: 월스트리트는 TJX 컴퍼니즈(NYSE:TJX)가 개장 전에 133억 1천만 달러의 매출과 주당 92센트의 분기 이익을 보고할 것으로 예상하고 있다. TJX의 주가는 시간외 거래에서 0.2% 하락한 113.10달러를 기록했다.

수요일 주목해야 할 주식: 타깃, TJX, 키사이트, 레이지보이 그리고 줌 비디오

After-Hours Center

Movers

레이지보이(NYSE:LZB)는 화요일 시장 마감 후에 2025회계연도 1분기 재무 결과를 발표했다. 이 발표로 주가는 시간외 거래에서 3% 이상 하락했다. 보고서 요약은 다음과 같다.

레이지보이: 업계의 부진한 트래픽 추세에도 1분기 매출, EPS는 예상 상회, 주가는 하락

Equities

NFBK

QMCO

RRGB

월요일 아침(현지 시간) 미국 주식 선물 거래가 혼조세를 보이고 있는 가운데, 오늘 투자자들의 관심을 끌 수 있는 일부 주식은 다음과 같다: 월스트리트는 레나 코퍼레이션(NYSE:LEN)이 시장 마감 후 분기별 이익은 주당 3.24달러, 매출은 85억 2천만 달러로 보고할 것으로 예상한다. 벤징가 프로의 데이터에 따르면 레나의 주가는 금요일에 0.04% 상승한 155.10달러에 마감했다. 

레나, 레이지보이 그리고 월요일 주목해야 할 주식 3종목

La-Z-Boy Inc

Management

La-Z-Boy Appoints Stitch Fix CEO Matt Baer To Its Board Of Directors

A large exercise of company stock options by Lynn Jennifer McCurry, Chief Accounting Officer at La-Z-Boy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) was disclosed in a new SEC filing on August 28, as part of an insider exercise.
What Happened: McCurry, Chief Accounting Officer at La-Z-Boy, made a strategic move by exercising stock options for 2,914 shares of LZB as detailed in a Form 4 filing on Wednesday with the <a href="https://www.sec.gov/Archives/edgar/data/0000057131/000005713124000085//Archives/edgar/data/57131/000005713124000085/0000057131-24-000085-index.htm">U.S. Securities and Exchange Commission</a>. The transaction value amounted to $47,673.
La-Z-Boy shares are currently trading down by 0.0%, with a current price of $40.77 as of Thursday morning. This brings the total value of McCurry's 2,914 shares to $47,673.
<h3>Delving into La-Z-Boy's Background</h3>
La-Z-Boy Inc is a U.S.-based company that manufactures, distributes, and retails upholstery furniture products. It is a producer of reclining chairs and distributors of residential furniture in the U.S. The company chiefly operates in the United States but also has secondary operations in Canada and other countries. The company's reportable segments include the Wholesale segment, which manufactures and imports upholstered furniture; and Retail, which sells upholstered and case goods furniture to the end consumer. The majority of the company's revenue is derived from its Wholesale segment.
<h3>La-Z-Boy: Financial Performance Dissected</h3>
Revenue Growth: Over the 3 months period, La-Z-Boy showcased positive performance, achieving a revenue growth rate of 2.88% as of 31 July, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: With a high gross margin of 43.05%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): La-Z-Boy's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 0.62.
</li>
</ul>
Debt Management: La-Z-Boy's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.48.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: La-Z-Boy's P/E ratio of 14.51 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 0.85 is lower than the industry average, implying a discounted valuation for La-Z-Boy's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 6.23, La-Z-Boy could be considered undervalued.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
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<h3>Uncovering the Importance of Insider Activity</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Understanding Crucial Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000057131">Check Out The Full List Of La-Z-Boy's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Lynn Jennifer McCurry At La-Z-Boy Exercises Options

Sidoti &amp; Co. analyst Anthony Lebiedzinski downgrades La-Z-Boy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) from Buy to Neutral.

Downgrades

Analyst Ratings

Sidoti & Co. Downgrades La-Z-Boy to Neutral

U.S. stocks could claw back their losses, although nervousness is palpable as traders play the waiting game ahead of Federal Reserve <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40466528/jackson-hole-preview-5-important-questions-ahead-of-jerome-powells-fed-speech">Chair Jerome Powell&#8217;s Jackson Hole address </a>on Friday. The major averages are slightly higher early Wednesday. The CBOE Volatility Index, aka VIX, climbed more than 8% and has topped the 16 level, reflecting a slight increase in the fear sentiment. The Fed minutes due in the afternoon and the earnings reports of the day could influence trading direction. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.04%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.07%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.07%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.5%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged up 0.03% to $558.85, and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.02% to $480.38, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session: 
The eight-session advance proved to be too good of an opportunity to be let gone and traders promptly took some money off the tables, and this dragged stocks lower on Tuesday. Disappointing earnings from home-improvement retailer Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) also served as a downside trigger. Stocks are digesting Monday&#8217;s strong gains, said fund manager Louis Navellier.
The major averages opened lower but managed to move into positive territory in early trading. They pulled back soon after and languished below the unchanged line for the remainder of the session. That said, the losses were only modest, underlining the positive momentum in the market.
The Dow Jones Industrial Average snapped a five-session run, while the Nasdaq Composite and the S&amp;P 500 Index retreated after eight straight sessions of gains.
Small-cap stocks underperformed, with the Russell 2,000 Index falling by over 1%. 
Seven of the 11 S&amp;P 500 sectors settled the session lower, led by energy stocks, while consumer staple, healthcare, real estate and communication services stocks bucked the downtrend. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
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<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
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<td>Nasdaq Composite</td>
<td>-0.33%</td>
<td>17,816.94</td>
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<td>S&amp;P 500 Index</td>
<td>-0.20%</td>
<td>5,597.12</td>
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<td>Dow Industrials</td>
<td>-0.15%</td>
<td>40,834.97</td>
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<td>Russell 2000</td>
<td>-1.17%</td>
<td>2,142.19</td>
</tr>
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Insights From Analysts:
Fund Strat Head of Research Tom Lee said his firm&#8217;s base-case assumption is for a soft landing and the Fed embarking on an easing cycle that would bring rates from a too high 5.5%. In an <a href="https://x.com/fundstrat/status/1826025019715236311">interview</a> with CNBC, the strategist calls for a 40% rally in small-cap stocks, which would mean these companies will see valuation bump up from 10 times to 14 times. Small-cap stocks that were left behind as the Fed funds rate remained high for about two years now will likely come back up, he said.
To make his case, Lee noted that M&amp;A activity is picking up, which is seen as a sign of CEO confidence. He also said the perception that small-caps are lagging in earnings growth is due to the biotech stocks, which are a fairly big cohort in the group. Small-caps are growing earnings and revenue by nearly 700 and 400 basis more than the S&amp;P 500 companies, he said, adding the catalyst will therefore be the Fed rate cut.
Comerica Chief Investment Officer John Lynch said he sees downside support for the market. &#8220;U.S. real GDP growth remains favorable, interest rates are heading lower and corporate profits are firm,&#8221; he added.&nbsp; 
&#8220;We believe these three trends will help market sentiment should any further bouts of volatility materialize in the coming months.&#8221;
Lynch also made note of the rapid roundtrip of the CBOE Volatility Index, often called the &#8220;fear gauge&#8221; in just two weeks. &#8220;This rapid decline in the VIX suggests that the market&#8217;s earlier fears were overblown and that investor confidence has returned to the equity markets,&#8221; he said.
Upcoming Economic Data
<ul>
<li>The Energy Information Administration will release its weekly petroleum status report at 10:30 a.m. EDT.</li>
<li>The Fed will release the minutes of the July Federal Open Market Committee meeting in which the central bank announced another pause decision. The minutes, due at 2 p.m. EDT, may give further insights into the Fed&#8217;s thinking, potentially offering cues to the near-term rate trajectory.</li>
</ul>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li> Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) climbed over 1% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s quarterly results announcement. ZTO Express (Cayman) Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) rose over 3% and Keysight Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) jumped over 11%, while La-Z-Boy Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) fell over 3%, also in reaction to earnings.</li>
<li>Analog Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) and TJX Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) are among the <a href="https://www.benzinga.com/calendars/earnings">notable companies due to release their quarterly results</a> before the market opens.</li>
<li>Those reporting earnings after the close include Agilent Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/A#NYSE">A</a>), Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>), Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), Zuora, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZUO#NYSE">ZUO</a>), Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>), Nordson Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>), Synopsys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) and Zoom Video Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>).</li>
<li>BigBear.ai Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NASDAQ">BBAI</a>) jumped over 33% on a contract win.</li>
<li>JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) <a href="https://www.benzinga.com/markets/asia/24/08/40480174/alibaba-rival-jd-com-plummets-over-7-in-pre-market-after-largest-shareholder-walmart-sells-stake-to">slid nearly 7%</a> after Walmart, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) sold its stake in the Chinese e-commerce company.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures rebounded from a four-session slide, while gold futures eased from their record highs. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell toward the $59k level and the yield on the 10-year Treasury note was unchanged at 3.818%.
Most major Asian markets retreated, tracing the negative performance of Wall Street overnight, while European stocks firmed up in early trading on Wednesday.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40479226/nvidia-down-about-10-from-all-time-highs-prominent-trader-says-he-has-cashed-out-of">Nvidia Down About 10% From All-Time Highs: Prominent Trader Says He Has Cashed Out Of The Stock Barely A Week Ahead Of Earnings And WIll &#8216;Decide On Re-entering&#8217; Later</a></li>
</ul>
Photo: Shutterstock

Futures

Previews

Economics

Federal Reserve

$BTC

BBAI

NDSN

SNOW

SNPS

URBN

WOLF

Nasdaq, S&P 500 Futures Edge Up As Traders Look Ahead To FOMC Minutes: Strategist Flags 3 Trends That Could Help Stocks Withstand Volatility

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects The TJX Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) to report quarterly earnings at 92 cents per share on revenue of $13.31 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. TJX shares fell 0.2% to $113.10 in after-hours trading.</li>
<li>Keysight Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) <a href="https://www.benzinga.com/news/earnings/24/08/40473344/keysight-technologies-stock-climbs-after-q3-results-eps-beat-revenues-beat">reported</a> stronger-than-expected results for its third quarter. The company said it sees fourth-quarter earnings between $1.53 and $1.59 per share, versus the $1.54 estimate, and revenue in a range of $1.245 billion to $1.265 billion, versus the $1.25 billion estimate. Keysight shares gained 11.5% to $154.50 in the after-hours trading session.</li>
<li>Analysts are expecting Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) to post quarterly earnings at $2.20 per share on revenue of $25.23 billion. The company will release earnings before the markets open. Target shares rose 1.6% to $146.68 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>La-Z-Boy Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) <a href="https://www.benzinga.com/news/earnings/24/08/40474036/la-z-boy-q1-earnings-revenue-eps-beat-despite-depressed-traffic-trends-across-industry-shares-slide">reported</a> better-than-expected sales for its first quarter. The company said it expects second-quarter revenue to be in the range of $495 million to $515 million versus estimates of $479.7 million. The company noted it plans to continue to invest in its Century Vision strategy and focus on building the business for the long term. La-Z-Boy shares fell 3.4% to $40.45 in the after-hours trading session.</li>
<li>Analysts expect Zoom Video Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) to post quarterly earnings at $1.21 per share on revenue of $1.15 billion after the closing bell. Zoom Video shares rose 0.2% to $59.25 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40461302/top-3-tech-stocks-which-could-rescue-your-portfolio-this-quarter">Top 3 Tech Stocks Which Could Rescue Your Portfolio This Quarter</a></li>
</ul>
Photo courtesy: Shutterstock

Target, TJX And 3 Stocks To Watch Heading Into Wednesday

La-Z-Boy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) reported financial results for the first quarter of fiscal 2025 Tuesday after the bell. Here&#8217;s a <a href="https://www.benzinga.com/pressreleases/24/08/g40472824/la-z-boy-incorporated-reports-solid-first-quarter-results-with-sales-up-3-first-quarter-operating-">rundown of the report</a>.
Q1 Earnings:&nbsp;La-Z-Boy reported first-quarter revenue of $496 million, beating the&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $479.77 million, according to&nbsp;<a href="http://pro.benzinga.com" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. The company reported adjusted earnings of 62 cents per share, beating analyst estimates of 60 cents per share.
Consolidated delivered sales were up 3% year-over-year. Wholesale segment sales increased 5%, driven by growth to external customers. Written sales for the Retail segment, represented by company-owned La-Z-Boy Furniture Galleries, increased&nbsp;4%. Written same-store sales fell 3% on lower traffic and softer industry-wide demand.
&#8220;While the Retail business currently continues to wrestle with depressed traffic trends experienced across our industry, we again delivered strong execution. Conversion rates and design average ticket sales both improved again year-over-year and our in-store teams remain laser-focused on providing the highest level of customer service and showcasing our industry-leading product assortment,&#8221; said Melinda Whittington, president and CEO of La-Z-Boy.
&#8220;Our high-quality offering of comfortable, custom furniture with quick delivery is resonating in a challenging marketplace. And while we expect industry fundamentals to be volatile for the foreseeable future, we remain confident in our ability to outperform the market and gain share longer term.&#8221;
Outlook: La-Z-Boy expects second-quarter revenue to be in the range of $495 million to $515 million versus estimates of $479.7 million. The company noted it plans to continue to invest in its Century Vision strategy and focus on building the business for the long term.
Management will hold a conference call to discuss the company&#8217;s quarterly results Wednesday morning at 8:30 a.m. E.T.
LZB Price Action: <a href="http://benzinga.com/quote/LZB">La-Z-Boy shares</a> were down 3.51% after hours at $40.40 at the time of publication Tuesday, according to <a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/asia/24/08/40472834/emerging-market-bonds-climb-to-over-2-year-high-driven-by-weaker-dollar-feds-interest-rate-shift">• Emerging Market Bonds Climb To Over 2-Year High Driven By Weaker Dollar, Fed&#8217;s Interest Rate Shift</a>
This illustration was generated using artificial intelligence via Midjourney.

La-Z-Boy Q1 Earnings: Revenue, EPS Beat Despite 'Depressed' Traffic Trends Across Industry, Shares Slide

WIIM

La-Z-Boy shares are trading lower after the company reported Q1 earnings and issued Q2 guidance.

Guidance

La-Z-Boy Sees Q2 2025 Revenue $495M - $515M Vs $479.7M Est.

La-Z-Boy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) reported quarterly earnings of $0.62 per share which beat the analyst consensus estimate of $0.60 by 3.33 percent. The company reported quarterly sales of $496.00 million which beat the analyst consensus estimate of $479.77 million by 3.38 percent. This is a 2.98 percent increase over sales of $481.65 million the same period last year.

Earnings Beats

La-Z-Boy Q1 2025 Adj EPS $0.62 Beats $0.60 Estimate, Sales $496.00M Beat $479.77M Estimate

La-Z-Boy Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) is expected to release earnings results for its fiscal first quarter, after the <a href="https://www.benzinga.com/quote/LZB/earnings">closing bell on Tuesday, Aug. 20.</a>
Analysts expect the Monroe, Michigan-based company to report quarterly earnings at 60 cents per share, down from 62 cents per share in the year-ago period. La-Z-Boy is projected to post revenue of $479.7 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
On June 17, La-Z-Boy posted better-than-expected quarterly earnings.
With the recent buzz around La-Z-Boy, some investors may be eyeing potential gains from the company's dividends. As of now, La-Z-Boy has a dividend yield of 1.86%, which is a quarterly dividend amount of 20 cents a share (80 cents a year).
To figure out how to earn $500 monthly from La-Z-Boy, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by La-Z-Boy's $0.80 dividend: $6,000 / $0.80 &nbsp;= 7,500 shares
So, an investor would need to own approximately $321,825 worth of La-Z-Boy, or 7,500 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $0.80 = 1,500 shares, or $64,365 to generate a monthly dividend income of $100.
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
LZB Price Action: Shares of La-Z-Boy gained 2.3% to close at $42.91 on Friday.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40439468/top-3-industrials-stocks-that-may-rocket-higher-this-month">Top 3 Industrials Stocks That May Rocket Higher This Month</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Long Ideas

How To Earn $500 A Month From La-Z-Boy Stock Ahead Of Q1 Earnings

The gravity-defying climb faces risk, as the index futures trade narrowly mixed in early trading on Tuesday. That said, <a href="https://www.benzinga.com/markets/equities/24/08/40450395/s-p-500-nasdaq-100-extend-8-session-winning-streak-as-wall-street-jitters-go-poof-mondays-key-st">the recent gains </a>could keep traders wary of a potential pullback. A couple of speeches by Federal Reserve officials are the lone Main Street catalysts for the day even as the market has set its eyes on Fed Chair Jerome Powell&#8217;s Jackson Hole Symposium address due Friday. Until such time, the market may remain in a wait-and-watch mode.
Given the bounce in cryptocurrencies, stocks exposed to these digital assets could gain some ground and tech stocks appear on track to preserve their upward momentum. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.12%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.04%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.05%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.06%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Tuesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged up 0.04% to $559.82, and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.10% to $481.76, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session: 
Stocks climbed solidly on Monday as the multi-session run-up continued, with support coming from weak economic data and a Fed speech that perked up hopes of an incoming Fed rate cut. Minneapolis Fed President Neel Kashkari, who is considered more of a hawk, said in an exclusive interview with the Wall Street Journal, &#8220;The balance of risks has shifted, so the debate about potentially cutting rates in September is an appropriate one to have.&#8221;
 The major averages opened higher and moved roughly sideways in early trading before climbing steadily through much of the remainder of the session. The buying interest accelerated in the final few minutes of trading. 
The tech-heavy Nasdaq Composite index and the broader S&amp;P 500 index extended their winning streak to eight, and in the process, these averages settled at their highest closing levels since July 23 and July 16, respectively. The S&amp;P 500 is now just under 60 points away from its all-time highs. 
The 30-stock Dow Jones Industrial Average is on a five-session winning run, with Monday&#8217;s gains coming on the back of the rally in the shares of McDonald&#8217;s Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), Amgen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>) and Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>). The blue-chip is now at the highest level since July 17.
The gains were across the board, with all 11 S&amp;P 500 sector classes gaining ground. Communication services, IT and consumer discretionary stocks found notable buying interest.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+1.39%</td>
<td>17,876.77</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.97%</td>
<td>5,608.25</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.58%</td>
<td>40,896.53</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+1.19%</td>
<td>2,167.50</td>
</tr>
</tbody>
</table>
</figure>
The Nasdaq Composite, which fell into correction territory -defined as a pullback of over 10% from recent highs, on Aug. 5 amid the market collapse set in by yen carry trade unwinding, has quickly sprung back up. The intraday low hit on Aug. 5 (15,708.54) marked a roughly 16% pullback from the July 11 intraday high of 18,671.07. The index exited correction territory in merely 11 sessions, the fastest recovery since Oct. 2011, Barron&#8217;s <a href="https://www.barrons.com/livecoverage/stock-market-today-081924">reported</a>.
Insights From Analysts:
The stock market is entering a &#8220;very positive four-week equity trading window,&#8221; Goldman Sachs Trading Desk&#8217;s Managing Director Scott Rubner said in a note to clients on Monday, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-08-19/goldman-s-rubner-says-the-pain-trade-for-us-stocks-is-higher">reported.</a> The strength could come from the following:
<ul>
<li>inflows from trend-following systemic funds that are re-leveraging after cutting their total long exposure from $450 billion in July to $250 billion currently.</li>
<li>Commodity trading advisers are likely to buy stocks irrespective of the market trend</li>
<li>Buying by volatility-control funds as the CBOE volatility index posted the biggest nine-day drop in history following the Aug. 5 market collapse</li>
<li>traders going against the prevailing trend, aka long gamma positioning, which could serve as a buffer in the eventuality of a sell-off</li>
<li>Corporate demand rising until the corporate blackout window closes for about 50% of the companies on Sept. 13; Goldman estimated that corporate buybacks will likely total $1.15 trillion worth of authorizations and $960 billion worth of executions in 2024.</li>
<li>Money market investment in equities</li>
</ul>
That said, the strategist flagged pain ahead for the market. &#8220;The pain trade for equities is higher and the bar for being bearish at the beach into a Labor Day barbecue party is high,&#8221; he reportedly said. He sees the stock market turning negative after Sept. 16, given the second half of the month has historically been the worst two-week trading period of the year.
Previewing the Jackson Hole Symposium that kickstarts Thursday, WisdomTree Senior Economist and Wharton Professor Emeritus Jeremy Siegel said, Powell&#8217;s speech at 10 a.m. on Friday is the big event. &#8220;I expect him to clear the path for a rate cut in September, but not divulge the size,&#8221; the economist said.
Powell will likely say that the central bank is becoming more confident that inflation is moving towards its target and that it can afford to loosen the degree of monetary restrictiveness, Siegel said, while also cautioning that there is still much data to come, including August inflation and payrolls as well as four more jobless claims.
Upcoming Economic Data
<ul>
<li>Atlanta Fed President Raphael Bostic is scheduled to speak at 1:35 a.m. EDT.</li>
<li>Fed Vice Chair for Supervision Michael Barr&nbsp;will make a public appearance at 2:45 p.m. EDT.</li>
</ul>
See Also:<a href="https://www.benzinga.com/money/how-to-trade-futures"> How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) rose over 2.4% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following its quarterly results announcement.</li>
<li>Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), Medtronic plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) and Vipshop Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) are among the <a href="https://www.benzinga.com/calendars/earnings">notable companies due to release their quarterly results</a> before the market opens.</li>
<li>Those reporting after the close include Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>), Coty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>), La-Z-Boy Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) and ZTO Express (Cayman) Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>).</li>
<li>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rally has propped up MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures fell yet again and traded around the $73.5 level, while gold futures climbed past the $2,560 mark. Bitcoin gained ground over the past 24 hours and approached the $61K mark.
The Asian markets ended Tuesday&#8217;s session on a mixed note, with the Japanese Nikkei 225 average rising sharply, while the Hong Kong, Chinese, Malaysia and Indonesian markets retreated.
The sentiment is fluid in Europe, with the Euro STOXX Index rising slightly in early trading, while the U.K.&#8217;s FTSE Index is pulling back sharply.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40454745/palantir-co-founder-peter-thiel-says-ai-is-really-a-big-deal-but-could-take-15-20-years-to-become-su">Palantir Co-founder Peter Thiel Says AI &#8216;Really A Big Deal&#8217; But Could Take 15-20 Years To Become &#8216;Super Dominant,&#8217; — Calls This The &#8216;Holy Grail&#8217; Of AI Research</a></li>
</ul>
Image Via Shutterstock

AMGN

COIN

COTY

INTC

MSTR

PANW

VIPS

US Stocks May Take A Breather After S&P 500's Impressive 8-Session Winning Streak: Strategist Says Market Will Hit Fresh Highs In Next 4 Weeks, But Warns Investors Of Potential Risks

Wyndham Hotels &amp; Resorts, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wh#NYSE">WH</a>) unveiled its first Trademark Collection hotel in South Korea with the opening of La Vie D&#39;or Hotel and Resort. This new addition brings WH&#39;s hotel count in South Korea to more than 30 and expands its Trademark Collection presence in Asia Pacific to nearly 20 hotels.
Situated in the scenic city of Hwaseong-si, South Korea and just 30 minutes from Seoul, La Vie D&#39;or Hotel and Resort provides a tranquil escape for business and leisure travelers. Covering 330,000 square meters, the resort features a nine-hole golf course, fitness center, saunas, swimming pools and diverse dining options.
Guests can enjoy nearby attractions such as the Yungneung and Geolleung Royal Tombs and Yongjusa Temple and have easy access to Seoul and Suwon. The resort also offers convenient facilities for business travelers, including conference space and Wi-Fi, with proximity to major companies like Samsung Electronics and Hyundai-Kia Motors.
Hotel owners in Asia Pacific are benefiting from Wyndham Advantage. This program offers global brand exposure, advanced technology and a growing loyalty base. The move helps independent owners in South Korea capitalize on the market while offering unique experiences at each hotel for visitors exploring the country.
The country welcomed about 11 million inbound visitors in 2023, marking a strong recovery post-pandemic. The travel and tourism market is projected to reach $13.66 billion by 2024. WH&#39;s expansion with La Vie D&#39;or Hotel and Resort targets the growing demand for business and leisure travel in South Korea, aligning with the government&#39;s push to enhance the tourism sector.
<h3>Focus on Expansion</h3>
Wyndham is focused on expanding its geographic footprint and product offerings across all segments by leveraging its diversified brand portfolio. This accretive aim of the company is backed by its disciplined capital allocation strategy, which encompasses investments in high-return businesses accompanied by strategic collaborations and buyouts.
During second-quarter 2024, the company opened more than 18,000 rooms globally, marking 16% year-over-year growth. As of Jun 30, 2024, WH had 884,900 rooms globally, up 4% from 851,500 rooms at the prior-year quarter end. During the quarter, it opened its first ECHO Suites in Spartanburg, SC. This location is in the 12th fastest-growing county in America, which attracted 80 economic development projects in the past three years.
As of Jun 30, 2024, WH&#39;s global development pipeline consisted of nearly 2,000 hotels and approximately 245,000 rooms, showcasing a 7% year-over-year increase. Among the total pipeline, about 58% of it is international.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/73/74501.jpg?v=181531143" />
Image Source: Zacks Investment Research
Shares of this American hotel franchisor moved up 0.5% in the past year compared with the Zacks Hotels and Motels industry&#39;s 13.6% growth. Although the stock has underperformed the industry, the ongoing expansion initiatives are likely to foster growth in the upcoming period.
<h3>Zacks Rank &amp; Key Picks</h3>
Wyndham Hotels currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Zacks Consumer Discretionary sector include:
Royal Caribbean Cruises Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rcl#NYSE">RCL</a>) currently carries a Zacks Rank of 1 (Strong Buy). RCL has a trailing four-quarter earnings surprise of 18.5%, on average. The stock has rallied 61% in the past year.
The Zacks Consensus Estimate for RCL&#39;s 2024 sales and earnings per share calls for growth of 18.1% and 69.7%, respectively, from the year-ago levels.
La-Z-Boy Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lzb#NYSE">LZB</a>) sports a Zacks Rank of 1. LZB has a trailing four-quarter earnings surprise of 15.3%, on average. The stock has appreciated 36% in the past year.
The consensus estimate for LZB&#39;s fiscal 2025 sales and EPS suggests growth of 2.1% and 5%, respectively, from the year-ago levels.
DoubleDown Interactive Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ddi#NASDAQ">DDI</a>) currently flaunts a Zacks Rank of 1. DDI has a trailing four-quarter earnings surprise of 22.1%, on average. The stock has surged 60.8% in the past year.
The Zacks Consensus Estimate for DDI&#39;s 2024 sales and EPS indicates an increase of 12.6% and 15.8%, respectively, from year-ago levels.
<a href="https://www.zacks.com/stock/news/2323334/wyndham-wh-expands-south-korea-presence-with-trademark-debut?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2323334">To read this article on Zacks.com click here.</a>

Large Cap

Mid Cap

Offerings

Small Cap

Wyndham Expands South Korea Presence With Trademark Debut

Bragg Gaming Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brag#NASDAQ">BRAG</a>) has offered its innovative Player Account Management (&quot;PAM&quot;) software for the launch of Hard Rock Digital&#39;s iGaming website, HardRockCasino.nl.
Bragg boosts its Dutch market reach with this sixth PAM client in the Netherlands.
<h3>Perks of the Deal</h3>
Per the deal, the HardRockCasino.nl website will have access to Bragg&#39;s full suite of managed services including payment processing and technology, 24/7 customer support, retention marketing, fraud prevention services, and access to its responsible gambling solutions. Furthermore, the company will offer exclusive content from its in-house proprietary, games development studios including Atomic Slot Lab and Indigo Magic.
Other than supplying PAM technology, Bragg will also permit content aggregation wherein HardRockCasino.nl will gain access to the Bragg HUB.&nbsp; This move will bring together more than 10,000 casino titles, including exclusive games built on the Bragg Remote Gaming Server and games from other leading iGaming suppliers.
Notably, all the online casino games delivered through the Bragg HUB content delivery platform come with Bragg&#39;s Fuze promotional tools as standard, which offer player engagement features on games such as free rounds, tournaments and quests.
<h3>Online Gaming Boosts Growth</h3>
Bragg Gaming is diligently focusing on transforming itself into a content-focused iGaming solutions provider across expanding North American and European markets. This strategic move is backed by expanding and diversifying its content portfolio through organic and inorganic initiatives, entering into accretive partnerships and focusing on expanding its footprint.
Focusing on expanding its product portfolio, during the first quarter of 2024, Bragg Gaming released 19 new exclusive online casino games, including seven from its in-house Bragg&#39;s Studios. The company also launched online games in the United States for the first time from the popular land-based slots developer King Show Games, which further boosted its strong exclusive games road map for North America. Furthermore, the company delivered and deployed its second custom slot game developed for Caesars Digital, Boardwalk Slots Bankers in cash, which is now exclusively live on Caesars Palace online casino and Caesars Sportsbook online casino in Michigan and New Jersey.
Given the robust progress in new and existing markets regarding online gaming, Bragg Gaming remains bullish on the opportunities ahead as the trend of iGaming regulation continues globally. The company has observed exciting potential in the newly regulated markets of Brazil, Peru and Finland, accompanied by untapped opportunities in regions like Africa.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/78/70210.jpg?v=1298000041" />
Image Source: Zacks Investment Research
Shares of this content and technology solutions provider to the iGaming industry have surged 89.1% in the past year, outperforming the Zacks Gaming industry&#39;s 5.8% growth.
<h3>Zacks Rank &amp; Key Picks</h3>
Bragg Gaming currently carries a Zacks Rank #4 (Sell).
Here are some better-ranked stocks from the Consumer Discretionary sector.
PlayAGS, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ags#NYSE">AGS</a>) presently sports a Zacks Rank #1 (Strong Buy).
AGS has a trailing four-quarter earnings surprise of 33.3%, on average. The stock has hiked 100.7% in the past year. The Zacks Consensus Estimate for AGS&#39; 2024 sales and earnings per share implies growth of 7.7% and 5,200%, respectively, from the year-ago levels.
La-Z-Boy Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lzb#NYSE">LZB</a>) currently sports a Zacks Rank of 1. LZB has a trailing four-quarter earnings surprise of 15.3%, on average. The stock has gained 29.7% in the past year.
The Zacks Consensus Estimate for LZB&#39;s fiscal 2025 sales and EPS implies growth of 2.1% and 5%, respectively, from the year-ago levels.
Adtalem Global Education Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atge#NYSE">ATGE</a>) currently carries a Zacks Rank #2 (Buy). ATGE has a trailing four-quarter earnings surprise of 18.8%, on average. The stock has surged 95.3% in the past year.
The Zacks Consensus Estimate for ATGE&#39;s fiscal 2025 sales and EPS indicates an increase of 5.3% and 16.6%, respectively, from the year-ago levels.
<a href="https://www.zacks.com/stock/news/2296640/bragg-gaming-brag-unveils-6th-pam-client-in-the-netherlands?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2296640">To read this article on Zacks.com click here.</a>

Gaming

General

Adtalem Global Education Inc. Common Stock

ATGE

BRAG

Bragg Gaming Unveils 6th PAM Client in the Netherlands

Afya Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/afya#NASDAQ">AFYA</a>) completed the acquisition of the total share capital of Unidom Participacoes S.A. (Unidompedro and Faculdade Dom Luiz) through its wholly-owned subsidiary Afya Participacoes S.A.
This strategic buyout will provide Afya with 300 operational medical school seats in Brazil&#39;s Salvador city. The average purchase price of this strategic transaction was R$ 660.0 million, of which R$ 347.8 million is already paid (net debt deduction) and the remaining R$ 312.2 million will be paid in about 10 annual installments of R$31.2 million each. 
The authorization request for the 300 seats was made to the Ministry of Education (&quot;MEC&quot;) before the Mais Medicos Law was enacted and MEC concluded its analysis and issued Ordinance 630/2020. Currently, among the 300 authorized seats of Unidompedro, 125 seats are final and the remaining 175 seats are subject to a conclusion of the Ordinance 630/2020 review by the MEC upon judicial order in 2021. 
If Unidompedro wins the bid processes in the Mais Medicos 3 Program, an additional payment of R$250 thousand per granted seat will be made. 
Afya expects an EV/EBITDA of 4.2x upon the maturity of this transaction and beyond. In 2027, at the medical school&#39;s full maturity, expected net revenues will be R$ 267 million, of which more than 95% will be contributed by Medicine.
<h3>Price Performance</h3>
Shares of this medical education group and medical practice solutions provider in Brazil gained 21.4% in the past year compared with the Zacks Schools industry&#39;s 46.4% growth. Although the company underperformed the industry, its focus on accretive buyouts, operational restructuring efforts and other initiatives offering top-tier medical education services will likely boost its growth in the upcoming period.
Considering the estimate revision trend, the Zacks Consensus Estimate for 2024 and second-quarter earnings per share of AFYA have, respectively, been revised upward to $1.63 from $1.56, and to 37 cents from 35 cents, in the past 30 days. The estimated figures indicate 27.3% and 27.6% year-over-year growth, respectively.
The growth trend is solidified by a VGM Score of A, backed by a Value Score and a Growth Score of A. Such an uptrend depicts analysts&#39; optimism about the stock&#39;s potential.
<h3>Zacks Rank &amp; Other Key Picks</h3>
Afya currently carries a Zacks Rank #2 (Buy).
Here are other top-ranked stocks from the Consumer Discretionary sector.
PlayAGS, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ags#NYSE">AGS</a>) presently sports a Zacks Rank #1 (Strong Buy).
AGS has a trailing four-quarter earnings surprise of 40%, on average. The Zacks Consensus Estimate for AGS&#39; 2024 sales and earnings per share implies growth of 7.7% and 5,166.7%, respectively, from the year-ago levels.
Adtalem Global Education Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atge#NYSE">ATGE</a>) currently sports a Zacks Rank of 1. ATGE has a trailing four-quarter earnings surprise of 18.8%, on average.
The consensus estimate for ATGE&#39;s fiscal 2025 sales and EPS indicates an increase of 5.3% and 16.6%, respectively, from the year-ago levels.
La-Z-Boy Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lzb#NYSE">LZB</a>) currently sports a Zacks Rank of 1. LZB has a trailing four-quarter earnings surprise of 15.3%, on average.
The Zacks Consensus Estimate for LZB&#39;s fiscal 2025 sales and EPS implies growth of 2.1% and 5%, respectively, from the year-ago levels.
<a href="https://www.zacks.com/stock/news/2296307/afya-welcomes-300-operational-medical-school-seats-in-salvador?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2296307">To read this article on Zacks.com click here.</a>

AFYA

AFYA Welcomes 300 Operational Medical School Seats in Salvador

MillerKnoll, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlkn#NASDAQ">MLKN</a>) is set to release its fourth-quarter fiscal 2024 results on Jun 26, 2024, after market close. 
In the last reported quarter, the company&#39;s earnings topped the Zacks Consensus Estimate by 2.3% but decreased 16.7% year over year. However, net sales missed the consensus mark by 4.2% and declined 11.4% year over year. 
MillerKnoll&#39;s earnings topped the consensus mark in each of the last four quarters, the average surprise being 24.3%.
<h3>Trend in Estimate Revision</h3>
The Zacks Consensus Estimate for the company&#39;s fiscal fourth-quarter earnings per share has remained unchanged at 53 cents over the past 60 days. The current estimate suggests 29.3% growth from the year-ago quarter&#39;s reported EPS value of 41 cents. 
The consensus mark for net sales is $899.1 million, suggesting a 6% year-over-year decrease.
<h3>Factors to Note</h3>
MillerKnoll&#39;s net sales are expected to have declined year over year in the fiscal fourth quarter due to a notable decline in sales volume on the back of the soft North American housing market, along with challenging macroeconomic conditions in Europe and China. The ongoing uncertainty in the economy is likely to have affected its top line. 
For the fiscal fourth quarter, the company expects net sales between $880 million and $920 million, down from $956.7 million on a year-over-year basis. 
Nonetheless, the realization of price optimization strategies, improved freight, distribution and inventory management and benefits from its ongoing synergy efforts are likely to have driven margins. MLKN projects an adjusted gross margin within the 38.1-39.1% range for the quarter, up from 37% from the previous year. 
Operating expenses are expected to be in the range of $274-$284 million, down from $343.1 million reported a year ago. The company expects diluted adjusted EPS in the range of 49-57 cents for the quarter, up 29% from the year-ago quarter. 
That said, a diversified business model, along with a solid brand portfolio and customer segments and geographies, provide risk diversification and opportunities for growth.
<h3>What Our Quantitative Model Predicts</h3>
Our proven model does not conclusively predict an earnings beat for MLKN this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that&#39;s not the case here, as you will see below. 
Earnings ESP: The company has an Earnings ESP of 0.00%. 
Zacks Rank: MillerKnoll currently carries a Zacks Rank #3.
<h3>Stocks to Consider</h3>
Some better-ranked stocks from the Zacks Furniture industry: 
La-Z-Boy Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lzb#NYSE">LZB</a>) presently flaunts a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 15.3%, on average. 
The consensus estimate for LZB&#39;s fiscal 2025 EPS indicates an improvement of 5% from the prior-year levels. The estimated figure moved up to $3.13 from $2.80 over the past seven days. 
SharkNinja Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sn#NYSE">SN</a>) presently flaunts a Zacks Rank #1. It has a trailing three-quarter earnings surprise of 12.2%, on average. 
The consensus estimate for SN&#39;s 2024 EPS indicates an improvement of 18.6% from the prior-year levels. The estimated figure moved up to $3.82 from $3.54 over the past 60 days. 
Virco Manufacturing Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virc#NASDAQ">VIRC</a>) presently flaunts a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 74.9%, on average. 
The consensus estimate for VIRC&#39;s fiscal 2025 EPS indicates an improvement of 38.8% from the prior-year levels. The estimated figure moved up to $1.86 from $1.60 over the past 30 days.
<a href="https://www.zacks.com/stock/news/2293092/millerknoll-mlkn-to-report-q4-earnings-what-s-in-store?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2293092">To read this article on Zacks.com click here.</a>

MLKN

VIRC

MillerKnoll to Report Q4 Earnings: What's in Store?

La-Z-Boy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lzb#NYSE">LZB</a>) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company&#39;s changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
Therefore, the Zacks rating upgrade for La-Z-Boy basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company&#39;s future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company&#39;s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for La-Z-Boy imply an improvement in the company&#39;s underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate Revisions
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Earnings Estimate Revisions for La-Z-Boy
This furniture company is expected to earn $3.13 per share for the fiscal year ending April 2025, which represents a year-over-year change of 5%.
Analysts have been steadily raising their estimates for La-Z-Boy. Over the past three months, the Zacks Consensus Estimate for the company has increased 11.8%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of &#39;buy&#39; and &#39;sell&#39; ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a &#39;Strong Buy&#39; rating and the next 15% get a &#39;Buy&#39; rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of La-Z-Boy to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
<a href="https://www.zacks.com/stock/news/2292424/all-you-need-to-know-about-la-z-boy-lzb-rating-upgrade-to-strong-buy?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2292424">To read this article on Zacks.com click here.</a>

Upgrades

All You Need to Know About La-Z-Boy Rating Upgrade to Strong Buy

As of June 20, 2024, four stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">La-Z-Boy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>)</h3>
<ul>
<li>On June 17, La-Z-Boy reported better than expected fourth-quarter fiscal 2024 (ended Apr 27, 2024) results. The company's stock gained around 14% over the past five days and has a <a href="https://www.benzinga.com/quote/LZB">52-week high of $41.08</a>.</li>
<li>RSI Value: 81.68&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>LZB Price Action: Shares of La-Z-Boy rose 19.4% to close at $40.70 on Tuesday.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent062024&amp;t=be2bearmibe3na1">Benzinga Pro's real-time</a> newsfeed alerted to latest LZB's news</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="673" height="738" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/20032309/Screenshot-2024-06-20-at-12.52.56-PM.png" alt="" class="wp-image-396222" style="width:437px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/20032309/Screenshot-2024-06-20-at-12.52.56-PM.png 673w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/20032309/Screenshot-2024-06-20-at-12.52.56-PM-274x300.png 274w" sizes="(max-width: 673px) 100vw, 673px" /></a></figure>
<h3 class="wp-block-heading">Chewy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>)</h3>
<ul>
<li>On May 29, Chewy reported better-than-expected first-quarter 2024 results. "Fiscal year 2024 is off to a solid start. We delivered strong net sales as well as record-breaking Adjusted EBITDA in the first quarter," said Sumit Singh, Chief Executive Officer of Chewy. "Chewy's value proposition continues to resonate with our customers, and I am proud of the teams at Chewy who are executing flawlessly on our strategic roadmap and the controllable elements of our business." The company's stock gained around 60% over the past month and <a href="https://www.benzinga.com/quote/CHWY">has a 52-week high</a> of $40.22.</li>
<li>RSI Value: 80.07</li>
<li>CHWY Price Action: Shares of Chewy rose 13.9% to close at $25.97 on Tuesday.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent062024&amp;t=be2bearmibe3na1">trend in Chewy's stock</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="692" height="719" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/20032601/Screenshot-2024-06-20-at-12.55.55-PM.png" alt="" class="wp-image-396229" style="width:494px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/20032601/Screenshot-2024-06-20-at-12.55.55-PM.png 692w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/20032601/Screenshot-2024-06-20-at-12.55.55-PM-289x300.png 289w" sizes="(max-width: 692px) 100vw, 692px" /></a></figure>
Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>)
<ul>
<li>On June 18, Argus Research maintained a Buy rating on the stock and raised its price target from $3,668 to $3,888. The company's stock gained around 10% over the past five days and has a <a href="https://www.benzinga.com/quote/CMG">52-week high</a> of $3,463.07.</li>
<li>RSI Value: 75.97</li>
<li>CMG Price Action: Shares of Chipotle gained 1.9% to close at $3,427.61 on Tuesday.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent062024&amp;t=be2bearmibe3na1">Benzinga Pro's signals feature</a> notified of a potential breakout in CMG&#8217;s shares.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="665" height="745" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/20032736/Screenshot-2024-06-20-at-12.57.28-PM.png" alt="" class="wp-image-396233" style="width:403px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/20032736/Screenshot-2024-06-20-at-12.57.28-PM.png 665w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/20032736/Screenshot-2024-06-20-at-12.57.28-PM-268x300.png 268w" sizes="(max-width: 665px) 100vw, 665px" /></a></figure>
<h3 class="wp-block-heading">Best Buy Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>)</h3>
<ul>
<li>On June 17, UBS upgraded the stock from Neutral to Buy and raised its price target from $85 to $106. The company's stock jumped around 27% over the past month and has a 52-week high of $93.72.</li>
<li>RSI Value: 80.02</li>
<li>BBY Price Action: Shares of Best Buy gained 2.6% to close at $93.63 on Tuesday.</li>
<li>Benzinga Pro's earnings calendar was used to track <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent062024&amp;t=be2bearmibe3na1">BBY&#8217;s upcoming earnings report</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="666" height="741" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/20032942/Screenshot-2024-06-20-at-12.59.31-PM.png" alt="" class="wp-image-396239" style="width:492px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/20032942/Screenshot-2024-06-20-at-12.59.31-PM.png 666w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/20032942/Screenshot-2024-06-20-at-12.59.31-PM-270x300.png 270w" sizes="(max-width: 666px) 100vw, 666px" /></a></figure>
Also Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39379183/wall-streets-most-accurate-analysts-weigh-in-on-3-real-estate-stocks-with-over-8-dividen">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 8% Dividend Yields</a>

CHWY

Top 4 Consumer Stocks that May Keep You Up At Night This Month

<h3>Gainers</h3>
<ul>
<li>Vacasa (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCSA#NASDAQ">VCSA</a>) shares rose 25.4% to $5.67 during Wednesday's regular session. The company's market cap stands at $81.9 million. </li>
<li>La-Z-Boy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) shares increased by 19.22% to $40.65. The market value of their outstanding shares is at $1.7 billion. The company's, Q4 earnings came out 2 days ago. </li>
<li>China Liberal Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) stock increased by 16.59% to $2.77. The company's market cap stands at $9.2 million. </li>
<li>Chewy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) stock increased by 13.89% to $25.98. The company's market cap stands at $11.3 billion. </li>
<li>Volcon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) stock moved upwards by 12.53% to $4.13. The company's market cap stands at $1.2 million. </li>
<li>Lixiang Education Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXEH#NASDAQ">LXEH</a>) stock moved upwards by 10.8% to $0.4. The company's market cap stands at $4.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) stock fell 32.5% to $3.31 during Wednesday's regular session. The company's market cap stands at $2.1 million. </li>
<li>Zapp Electric Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) shares fell 23.47% to $1.37. The company's market cap stands at $4.2 million. </li>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) stock fell 20.62% to $0.43. The company's market cap stands at $17.6 million. </li>
<li>Polestar Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) shares decreased by 18.13% to $0.69. The company's market cap stands at $1.4 billion. </li>
<li>Barnes &amp; Noble Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares declined by 17.33% to $6.68. The company's market cap stands at $175.0 million. </li>
<li>Jumia Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) stock decreased by 16.53% to $7.86. The market value of their outstanding shares is at $803.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BNED

CLEU

JMIA

LXEH

PSNY

TRNR

VCSA

VLCN

Connexa Sports Technologies Inc. - Common Stock

YYAI

ZAPP

12 Consumer Discretionary Stocks Moving In Wednesday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) stock increased by 16.9% to $3.05 during Wednesday's pre-market session. The company's market cap stands at $311.7 million. </li>
<li>La-Z-Boy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) stock rose 14.25% to $38.95. The market value of their outstanding shares is at $1.6 billion. The company's, Q4 earnings came out 2 days ago. </li>
<li>2U (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) stock increased by 10.74% to $6.7. The company's market cap stands at $18.7 million. </li>
<li>Lottery.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTRY#NASDAQ">LTRY</a>) shares rose 10.72% to $1.65. The market value of their outstanding shares is at $7.8 million. </li>
<li>Boqii Holding (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BQ#AMEX">BQ</a>) shares rose 10.2% to $0.54. The market value of their outstanding shares is at $2.4 million. </li>
<li>China Liberal Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) shares rose 8.4% to $2.58. The company's market cap stands at $8.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) shares declined by 28.9% to $0.39 during Wednesday's pre-market session. The company's market cap stands at $15.8 million. </li>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares declined by 25.31% to $3.66. The market value of their outstanding shares is at $2.3 million. </li>
<li>SRIVARU Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) stock fell 22.0% to $0.19. The market value of their outstanding shares is at $6.9 million. </li>
<li>Chijet Motor Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) stock fell 14.33% to $0.35. The market value of their outstanding shares is at $56.4 million. </li>
<li>Zapp Electric Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) stock declined by 10.4% to $1.6. The market value of their outstanding shares is at $5.0 million. </li>
<li>Vince Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) stock decreased by 8.98% to $1.42. The market value of their outstanding shares is at $17.7 million. As per the news, the Q1 earnings report came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CHGG

CJET

LTRY

SVMH

TWOU

VNCE

12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session

La-Z-Boy Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lzb#NYSE">LZB</a>) reported better than expected fourth-quarter fiscal 2024 (ended Apr 27, 2024) results, with earnings and sales surpassing the Zacks Consensus Estimate. 
The metrics declined on a year-over-year basis due to reduced spending on furniture and home furnishings, with overall store visits declining. Housing market activity slowed due to higher interest rates. 
LZB reported its strongest execution to date, with record-high conversion rates and increasing average sales per customer. The company expects industry conditions to remain volatile in the near term but is confident in its ability to outperform competitors and expand its market share over time. 
For the fiscal 2025, LZB expects the industry to face continued challenges, potentially declining by as much as 5%. Improved industry trends are anticipated later in the fiscal year, following expected interest rate cuts that may boost housing activity. Despite these challenges, LZB aims to outperform the industry in the fiscal 2025, with modest year-over-year sales growth supported by executing its Century Vision strategy. This includes opening 12-15 new La-Z-Boy Furniture Galleries stores, mainly in the second half of the fiscal year.
<h3>Quarter in Detail</h3>
La-Z-Boy reported adjusted earnings of 95 cents per share, beating the Zacks Consensus Estimate of 68 cents per share. However, the bottom line declined 4% from 99 cents per share reported a year ago.
<div class="chart_embed">
<h3>La-Z-Boy Incorporated Price, Consensus and EPS Surprise</h3>
<img alt="La-Z-Boy Incorporated Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/7b/1718720605.png" style="height:265px; width:577px" title="" />
La-Z-Boy Incorporated price-consensus-eps-surprise-chart | La-Z-Boy Incorporated Quote
</div>
Consolidated delivered sales of $554 million topped the consensus mark of $519 million by 6.7%. However, the metric dropped 1% from the prior-year quarter&#39;s levels of $561 million.
<h3>Segment Details</h3>
Retail: Delivered sales fell 6% to $228 million from the prior year&#39;s levels, which included the completion of pandemic-related backlog deliveries. However, the reported figures show a 50% increase from pre-pandemic fourth-quarter fiscal 2019 tally. 
Written sales in the Retail segment (LZB&#39;s company-owned La-Z-Boy Furniture Galleries stores) increased by 1% year over year, driven by growth in acquired and new stores. This was more than compensated for lower same-store sales compared with the previous year&#39;s levels. 
Written same-store sales declined 5% year over year due to reduced foot traffic and a challenging economic environment, partially offset by improved conversion rates and increased design sales. 
The segment&#39;s non-GAAP operating margin contracted 130 basis points (bps) year over year to 14.2%. Despite improved gross margin due to a favorable shift in product mix, LZB faced increased fixed costs due to lower delivered sales, which caused the downside. 
Wholesale: Sales in the segment moved down 1% year over year to $392 million. The company witnessed improvements in wholesale unit volumes during the quarter, aided by the recovery from weather and related disruptions in January. 
The segment&#39;s non-GAAP operating margin contracted 20 bps year over year to 8.5%. 
Corporate &amp; Other: Sales in the segment declined 2.4% year over year to $39 million. Under the segment, Joybird&#39;s written sales dropped 1% year over year, while delivered sales remained approximately unchanged year-over-year at $37 million, indicating that sales trends have largely stabilized.
<h3>Fiscal 2024 Highlights</h3>
For the year, the company reported earnings per share of $2.98 versus $3.86 a year ago. Consolidated delivered sales also decreased 13% to $2 billion from $2.3 million reported in the prior year. 
Non-GAAP operating income of $159 million declined from $223 million reported in the prior year. Non-GAAP operating margin decreased to 7.8% from the prior-year level of 9.5%.
<h3>Financials</h3>
As of Apr 27, 2024, the company had $341.1 million in liquidity. It had $341.1 million of cash and equivalents at the fiscal 2024 end, down from $343.4 million in the year-ago period. 
Cash from operations for the reported quarter totaled $53 million compared with $78 million in the prior-year period. The same for fiscal 2024 amounted to $158 million compared with $205 million in the fiscal 2023. Capital expenditures totaled $54 million in the fiscal 2024.
<h3>Q1 Fiscal 2025 Guidance</h3>
For the first quarter of fiscal 2025, the company anticipates delivered sales to range between $475 million and $495 million, compared with $482 million reported in the year-ago quarter. 
The non-GAAP operating margin is expected to fall within the range of 6% to 7%, compared with 7% reported in the year-ago quarter. 
It is important to note that LZB&#39;s first quarter generally registers the lowest sales and margins in the fiscal year, attributed to seasonal declines in industry sales and the company&#39;s annual week-long plant shutdown in July.
<h3>Zacks Rank &amp; Key Picks</h3>
LaZBoy currently carries a Zacks Rank #3 (Hold). 
Here are some better-ranked stocks from the Consumer Discretionary sector. 
Strategic Education, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stra#NASDAQ">STRA</a>) currently sports a Zacks Rank #1 (Strong Buy). 
STRA has a trailing four-quarter earnings surprise of 36.2%, on average. The stock has gained 46.1% in the past year. The Zacks Consensus Estimate for STRA&#39;s 2024 sales and earnings per share (ETF:EPS) indicates an increase of 6.4% and 33.3%, respectively, from year-ago levels. 
Royal Caribbean Cruises Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rcl#NYSE">RCL</a>) currently sports a Zacks Rank of 1. RCL has a trailing four-quarter earnings surprise of 18.3%, on average. The stock has surged 56.5% in the past year. 
The Zacks Consensus Estimate for RCL&#39;s 2024 sales and EPS implies growth of 16.8% and 63.8%, respectively, from year-ago levels. 
Netflix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>) presently sports a Zacks Rank of 2 (Buy). NFLX has a trailing four-quarter earnings surprise of 9.3%, on average. The stock has risen 56.5% in the past year. 
The consensus estimate for NFLX&#39;s 2024 sales and EPS indicate a rise of 14.8% and 52.2%, respectively, from year-ago levels.
<a href="https://www.zacks.com/stock/news/2289958/la-z-boy-lzb-q4-earnings-and-sales-beat-estimates-down-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2289958">To read this article on Zacks.com click here.</a>

NFLX

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La-Z-Boy (NYSE:<a href="https://investorplace.com/stock-quotes/lzb-stock-quote/">LZB</a>) just reported results for the first quarter of 2025.<ul><li>La-Z-Boy reported earnings per share of 62 cents. This was above the analyst estimate for EPS of 60 cents.</li><li>The company reported revenue of $495.53 million.</li><li>This was 3.30% better than the analyst estimate for revenue of $479.70 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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La-Z-Boy (NYSE:<a href="https://investorplace.com/stock-quotes/lzb-stock-quote/">LZB</a>) just reported results for the first quarter of 2025.<ul><li>La-Z-Boy reported earnings per share of 62 cents. This was above the analyst estimate for EPS of 60 cents.</li><li>The company reported revenue of $495.53 million.</li><li>This was 3.30% better than the analyst estimate for revenue of $479.70 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div>	The post <a href="https://investorplace.com/earning-results/2024/08/lzb-stock-earnings-la-z-boy-for-q1-of-2025/">LZB Stock Earnings: La-Z-Boy Beats EPS, Beats Revenue for Q1 2025</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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수요일 오전 (현지 시간 기준) 미국 주식 선물이 상승하면서 투자자들의 관심을 끌 수 있는 일부 주식은 다음과 같다:
<ul>
<li>월스트리트는 TJX 컴퍼니즈(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>)가 개장 전에 133억 1천만 달러의 매출과 주당 92센트의 분기 이익을 보고할 것으로 예상하고 있다. TJX의 주가는 시간외 거래에서 0.2% 하락한 113.10달러를 기록했다.</li>
<li>키사이트 테크놀로지스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>)는 3분기 강한 실적을 <a class="ticker" href="https://www.benzinga.com/news/earnings/24/08/40473344/keysight-technologies-stock-climbs-after-q3-results-eps-beat-revenues-beat">보고했다</a>. 이 회사는 4분기 이익이 주당 1.53~1.59달러로 추정치인 1.54달러와 비교된다고 밝혔다. 매출은 12억 4,500만 달러에서 12억 6,500만 달러로 추정치인 12억 5,000만 달러와 비교된다. 키사이트의 주가는 시간외 거래에서 11.5% 상승한 154.50달러를 기록했다.</li>
<li>분석가들은 타깃 코퍼레이션(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>)이 매출 252억 3천만 달러, 주당 2.20달러의 분기 이익을 기록할 것으로 예상하고 있다. 이 회사는 개장 전에 실적을 발표할 예정이다. 주가는 시간외 거래에서 1.6% 상승한 146.68달러를 기록했다.</li>
</ul>
여기에서 <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noopener" data-google-interstitial="false">프리마켓 시황</a>을 확인하세요.
<ul>
<li>레이지보이(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>)는 1분기에 예상보다 나은 매출을 <a class="ticker" href="https://www.benzinga.com/news/earnings/24/08/40474036/la-z-boy-q1-earnings-revenue-eps-beat-despite-depressed-traffic-trends-across-industry-shares-slide">보고</a>했다. 이 회사는 2분기 매출이 4억 9,500만~5억 1,500만 달러에 이를 것으로 예상한다고 밝혔다. 이는 추정치 4억 7,970만 달러보다 훨씬 높다. 이 회사는 센츄리 비전(Century Vision) 전략에 계속 투자하고 장기적으로 사업 구축에 집중할 계획이라고 밝혔다. 레이지보이의 주가는 시간외 거래에서 3.4% 하락한 40.45달러를 기록했다.</li>
<li>분석가들은 줌 비디오 커뮤니케이션(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>)은 시장 마감 후 매출 11억 5천만 달러, 주당 1.21달러의 분기 이익을 공시할 예정이다. 줌 비디오의 주가는 시간외 거래에서 0.2% 상승한 59.25달러를 기록했다.</li>
</ul>
사진 제공: 셔터스톡
Benzinga Pro의 독점 뉴스 및 도구로 더 많은 승리를 거두세요 
독점 속보 및 스캐너와 같은 Benzinga Pro의 강력한 도구 세트로 다른 트레이더보다 우위를 점하세요. 
<a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

레이지보이(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>)는 화요일 시장 마감 후에 2025회계연도 1분기 재무 결과를 발표했다. 이 발표로 주가는 시간외 거래에서 3% 이상 하락했다. <a href="https://www.benzinga.com/pressreleases/24/08/g40472824/la-z-boy-incorporated-reports-solid-first-quarter-results-with-sales-up-3-first-quarter-operating-">보고서 요약</a>은 다음과 같다.
1분기 실적: 레이지보이(La-Z-Boy)는 1분기 매출이 4억 9,600만 달러로 <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">컨센서스 추정치</a>인 4억 7,977만 달러를 넘어섰다. 이 회사는 주당 62센트의 조정 이익을 보고했는데, 이는 애널리스트 추정치인 주당 60센트를 뛰어넘는 수치이다.
통합 배송 매출은 전년 대비 3% 증가했다. 도매 부문 매출은 외부 고객 증가에 힘입어 5% 증가했다. 회사 소유의 레이지보이 가구 갤러리가 대표하는 소매 부문의 매출은 4% 증가했다. 서면 동일 매장 매출은 트래픽 감소와 업계 전반의 수요 둔화로 인해 3% 감소했다.
레이지보이의 멜린다 위팅턴(Melinda Whittington) 사장 겸 CEO는 &#8220;소매 사업 부문이 현재 우리 산업 전반에서 경험하고 있는 저조한 트래픽 경향과 씨름하고 있는 동안에도 우리는 다시 한번 강력한 성과를 거두었다. 전환율과 디자인 평균 구매액 모두 전년 대비 다시 개선되었으며, 우리 매장 팀은 최상의 고객 서비스 제공과 업계를 선도하는 제품 구성을 선보이는 데 집중하고 있다&#8221;고 말했다.
&#8220;빠른 배송과 함께 제공되는 편안하고 맞춤형 가구의 고품질 제품이 어려운 시장에서 공감을 얻고 있다. 그리고 당분간 산업의 기본적인 요소들이 변동성을 보일 것으로 예상되지만, 우리는 시장을 능가하고 장기적으로 점유율을 확대할 수 있는 우리의 능력에 대해 확신하고 있다.&#8221;
전망: 레이지보이는 2분기 매출이 4억 9,500만 달러에서 5억 1,500만 달러 사이가 될 것으로 예상하고 있으며, 이는 4억 7,970만 달러의 예상치를 상회하는 수치이다. 이 회사는 센츄리 비전(Century Vision) 전략에 계속 투자하고 장기적인 비즈니스 성장을 위한 노력을 지속할 계획이라고 언급했다.
경영진은 미 동부 시간 수요일 오전 8시 30분에 회사의 분기별 실적을 논의하기 위해 컨퍼런스 콜을 가질 예정이다.
LZB 주가 움직임: 레이지보이의 주식은 화요일 시간외 거래에 3.39% 하락한 40.45달러에 거래되었다.
This illustration was generated using artificial intelligence via Midjourney.
Benzinga Pro의 독점 뉴스 및 도구로 더 많은 승리를 거두세요 
독점 속보 및 스캐너와 같은 Benzinga Pro의 강력한 도구 세트로 다른 트레이더보다 우위를 점하세요. 
<a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

월요일 아침(현지 시간) 미국 주식 선물 거래가 혼조세를 보이고 있는 가운데, 오늘 투자자들의 관심을 끌 수 있는 일부 주식은 다음과 같다:
<ul>
<li>월스트리트는 레나 코퍼레이션(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>)이 시장 마감 후 분기별 이익은 주당 3.24달러, 매출은 85억 2천만 달러로 보고할 것으로 예상한다. <a href="https://pro.benzinga.com/dashboard">벤징가 프로</a>의 데이터에 따르면 레나의 주가는 금요일에 0.04% 상승한 155.10달러에 마감했다.</li>
<li>노스필드 뱅코프(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFBK#NASDAQ">NFBK</a>)는 새로운 1,000만 달러 규모의 주식 환매 프로그램을 승인했다. 노스필드 뱅코프의 주가는 금요일에 2.5% 하락한 7.79달러로 마감했다.</li>
<li>분석가들은 레이지보이(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>)가 5억 1,644만 달러의 매출에 주당 70센트의 분기 이익을 게시할 것으로 예상한다. 이 회사는 시장이 마감된 후 실적을 발표할 예정이다. 레이지보이의 주가는 개장 전 거래에서 1.2% 상승한 34.13달러를 기록했다.</li>
</ul>
여기에서 <a href="https://www.benzinga.com/premarket/">프리마켓 시황을 확인하세요</a>
<ul>
<li>레드로빈 고메 버거(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>)는 최대 7,500만 달러의 믹스드 쉘프 오퍼링(mixed-shelf offering)을 신청했다. 레드로빈의 주가는 금요일 2.51% 하락한 7.76달러로 마감했다.</li>
<li>분석가들은 퀀텀 코퍼레이션(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>)이 시장 마감 후 매출 8,980만 달러에 주당 1센트의 분기 이익을 게시할 것으로 예상한다. 퀀텀의 주식은 개장 전 거래에서 4.4% 상승한 0.6150달러를 기록했다.</li>
</ul>
한번 읽어보세요: <a href="https://www.benzinga.com/news/24/06/39331770/wall-streets-most-accurate-analysts-weigh-in-on-3-tech-stocks-with-over-3-dividend-yields">월스트리트의 가장 정확한 분석가들은 배당수익률이 3%가 넘는 3가지 기술주를 평가합니다.</a>

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La-Z-Boy

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에 대한 최신 뉴스 La-Z-Boy (NYSE:LZB) 주식

수요일, 8월 21, 2024

월요일, 6월 17, 2024

사람들이 또한 지켜본다

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