HNI Corp expected to post earnings of 34  cents a share - Earnings Preview

HNI

24/06/2022 13:34

* HNI Corp  HNI.N   HNI  is expected to show a rise in
quarterly
revenue when it reports  results on June 28 (estimated). 
    * The Muscatine Iowa-based  company is expected to report  a
18.8% increase in revenue to $606.647 million from $510.46
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for HNI Corp is for
earnings
of 34 cents per share. For the same quarter last year, the
company reported earnings of 40 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 7.1%
in the last three months. ​
    * Wall Street's median 12-month price target for HNI Corp is
$51​,
above​ its last closing price of $34.64. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.23        0.23       0.33      Beat    45.1
 Dec. 31 2022              0.41       0.43      Beat    5.7
 Sep. 30 2021  0.43        0.43       0.43      Met     0​
 Jun. 30 2021  0.20        0.22       0.40      Beat    84.6
 ​​Mar.        0.09        0.09       0.36      Beat    285.7
 31 2021                                                
 Dec. 31 2020  0.59        0.60       0.66      Beat    10.6​
 Sep. 30 2020  0.47        0.46       0.71      Beat    53.2
 Jun. 30 2020  -0.30       -0.31      0.20      Beat    164.5
 This summary was machine generated June 24 at 12:34 GMT.  All
figures in US dollars  unless otherwise stated