Last week, you might have seen that La-Z-Boy Incorporated (NYSE:LZB) released its quarterly result to the market. The early response was not positive, with shares down 3.7% to US$44.58 in the past week. Results were roughly in line with estimates, with revenues of US$522m and statutory earnings per share of US$0.68. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

View our latest analysis for La-Z-Boy

Taking into account the latest results, the current consensus from La-Z-Boy's three analysts is for revenues of US$2.17b in 2026. This would reflect a reasonable 3.7% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to accumulate 9.1% to US$3.27. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$2.18b and earnings per share (EPS) of US$3.39 in 2026. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.

Despite cutting their earnings forecasts,the analysts have lifted their price target 7.0% to US$46.00, suggesting that these impacts are not expected to weigh on the stock's value in the long term.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's pretty clear that there is an expectation that La-Z-Boy's revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 3.0% growth on an annualised basis. This is compared to a historical growth rate of 5.3% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 5.5% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than La-Z-Boy.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple La-Z-Boy analysts - going out to 2027, and you can see them free on our platform here.

You still need to take note of risks, for example - La-Z-Boy has 1 warning sign we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.