We're always told, "It's what's inside that counts." While
this is surely a reference to interpersonal relations, the line
holds true in real estate as well. We spend a large portion
of our free time inside our homes and when the opportunity affords,
we often look to invest back in that space.
The Furniture sector of the Zacks Industry Rank list gained 21
positions last week with several earnings estimate revisions.
The category of 7 companies now holds a rank of 13 out of 260
sectors after six of the companies received upgrades in their Zacks
Rank this past week alone. With no negative revisions, these
businesses have built a comfortable average positive Earnings per
Share (EPS) surprise of +45%.
Consider your own routine for a moment. After a long day of
work, coming home usually means dinner and down-time. Each of
the companies which caught our eye this week play a role in that
experience. With upgrades to a Zacks Rank #1 (Strong Buy)
from a Buy rating, this may indicate future performance of a stock
in response to further positive earnings estimate revisions.
Paying attention to economic trends which affect not only
individual sectors but related industries as well is essential in
understanding how profits are built.
It's worth noting that both of these companies hold a Zacks
Recommendation of "Outperform" as well. Not that you should
be inspired to get up from your...
LZB was upgraded to a Zacks Rank #1 (Strong Buy) last week from #2
(Buy). Its next expected earnings report is on November 27,
La-Z-Boy is the third largest furniture maker in the U.S., the
largest reclining-chair manufacturer in the world and America's
largest manufacturer of upholstered furniture. Increased
discretionary spending is playing a role in helping back-to-work
Its most recent earnings surprise was +20%.
AMWD is a Zacks Rank #1 (Strong Buy). It moved up from a
Zacks Rank #2 (Buy) last week as well. This company reports
quarterly earnings on November 19, 2013.
American Woodmark Corp. manufactures and distributes kitchen
cabinets and vanities for the remodeling and new home construction
markets. Styles vary by design and color from natural wood
finishes to low- pressure laminate surfaces. With its focus
on lower-medium priced options, this holds strong appeal to
spendthrift Americans looking for significant upgrades at
AMWD's most recent earnings surprise was +39%.
AMER WOODMARK (AMWD): Free Stock Analysis
LA-Z-BOY INC (LZB): Free Stock Analysis Report
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