Furniture company La-Z-Boy (NYSE:LZB) will be reporting earnings tomorrow after the bell. Here’s what to look for.

La-Z-Boy beat analysts’ revenue expectations by 2.8% last quarter, reporting revenues of $495.5 million, up 2.9% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ adjusted operating income estimates but a miss of analysts’ Wholesale revenue estimates.

Is La-Z-Boy a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting La-Z-Boy’s revenue to decline 1.1% year on year to $506 million, improving from the 16.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.64 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. La-Z-Boy has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 3.1% on average.

Looking at La-Z-Boy’s peers in the home furnishings segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Tempur Sealy delivered year-on-year revenue growth of 1.8%, beating analysts’ expectations by 0.9%, and Purple reported a revenue decline of 15.3%, falling short of estimates by 6.3%. Tempur Sealy traded up 9.1% following the results while Purple was down 12%.

Read our full analysis of Tempur Sealy’s results here and Purple’s results here.

There has been positive sentiment among investors in the home furnishings segment, with share prices up 4.1% on average over the last month. La-Z-Boy is up 7.6% during the same time and is heading into earnings with an average analyst price target of $43 (compared to the current share price of $42.79).

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