Zacks Industry Rank Analysis Highlights: La-Z-Boy and American Woodmark
CHICAGO, Sept. 24, 2013
CHICAGO, Sept. 24, 2013 /PRNewswire/ --Stocks featured in this week's Zacks
Industry Rank analysis include La-Z-Boy Inc. (NYSE:LZB) and American Woodmark
Zacks Industry Rank Analysis is written by John Blank, PhD, Chief Equity
At Home in the Furniture Sector
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
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...
La-Z-Boy Inc. (NYSE:LZB)
LZB was upgraded to a Zacks Rank #1 (Strong Buy) last week from #2 (Buy). Its
next expected earnings report is on November 27, 2013.
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 Americans unwind.
Its most recent earnings surprise was +20%.
American Woodmark (Nasdaq:AMWD)
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,
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 reasonable
AMWD's most recent earnings surprise was +39%.
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