Surging Rank, Surging Stock: Why La-Z-Boy (LZB) Is a Winner - Tale of the Tape

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One company that should be on your radar is La-Z-Boy Incorporated ( LZB ). The stock of this home furnishings and fixtures company has seen its Zacks Rank surge over the past four weeks, moving from Neutral territory to its current position as a Strong Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For LZB's full year estimate, we have seen 4 estimates go higher in the past 30 days, compared to none moving lower. This trend has helped the consensus estimate to trend higher, going from $1.18 a share a month ago to its current level at $1.25.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, LZB has seen some pretty solid trading lately, as the company has moved higher by 20.4% in the past month.

If La-Z-Boy Incorporated can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put LZB on your watch list for the future.  

Other top-ranked stocks worth considering in this space include Belo Corp. ( BLC ), New Oriental Education & Technology Group Inc. ( EDU ), and Sturm, Ruger & Co. Inc. ( RGR ). All these carry a Zacks Rank #1 (Strong Buy).

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BELO CORP (BLC): Free Stock Analysis Report

NEW ORIENTAL ED (EDU): Free Stock Analysis Report

LA-Z-BOY INC (LZB): Free Stock Analysis Report

STURM RUGER&CO (RGR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: BLC , EDU , LZB , RGR

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