HNI Corp expected to post a loss of 3 cents a share - Earnings Preview

HNI

05/05/2023 19:38

* HNI Corp  HNI.N   HNI  is expected to show a fall in
quarterly
revenue when it reports  results on May 8. 
    * The Muscatine Iowa-based  company is expected to report  a
19.2% decrease in revenue to $462.261 million from $572.33
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. The company's guidance on
February 23 2023, for the period ended March 31, was for revenue
between $463.59 million and $475.03 million.
    * ​Refinitiv's mean analyst estimate for HNI Corp is for a
loss
of 3 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months. ​
    * Wall Street's median 12-month price target for HNI Corp is
$36​,
above​ its last closing price of $24.90. ​​​

The company's guidance on February 23 2023 for the period ended
March 31 was for Earnings before Interest and Taxes of USD0.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.46        0.48       0.63      Beat    31.9
 Sep. 30 2022  0.65        0.65       0.71      Beat    10.1
 Jun. 30 2022  0.34        0.34       0.52      Beat    51.8​
 Mar. 31 2022  0.23        0.23       0.33      Beat    45.1
 ​​Dec.                    0.41       0.43      Beat    5.7
 31 2021                                                
 Sep. 30 2021  0.43        0.43       0.43      Met     0​
 Jun. 30 2021  0.20        0.22       0.40      Beat    84.6
 Mar. 31 2021  0.09        0.09       0.36      Beat    285.7
 This summary was machine generated May 5 at 18:37 GMT.  All
figures in US dollars  unless otherwise stated