La-Z-Boy (LZB) Upgraded to Strong Buy: Here's What You Should Know

Core Viewpoint - La-Z-Boy (LZB) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - La-Z-Boy's earnings estimates have been revised upward, with a 3.3% increase in the Zacks Consensus Estimate over the past three months, projecting earnings of $2.95 per share for the fiscal year ending April 2026, showing no year-over-year change [8]. Zacks Rating System - The Zacks Rank stock-rating system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - La-Z-Boy's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [10].