HNI Corp expected to post earnings of 65cents a share - Earnings Preview

HNI

21/10/2022 17:22

* HNI Corp  HNI.N   HNI  is expected to show a rise in
quarterly
revenue when it reports  results on October 24. 
    * The Muscatine Iowa-based  company is expected to report  a
9.5% increase in revenue to $642.288 million from $586.75
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. The company's guidance on
July 28 2022, for the period ended September 30, was for revenue
between $633.69 million and $663.03 million.
    * ​Refinitiv's mean analyst estimate for HNI Corp is for
earnings
of 65 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for HNI Corp is
$40​,
above​ its last closing price of $27.76. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021              0.41       0.43      Beat    5.7​
 Sep. 30 2021  0.43        0.43       0.43      Met     0
 ​​Jun.        0.20        0.22       0.40      Beat    84.6
 30 2021                                                
 Mar. 31 2021  0.09        0.09       0.36      Beat    285.7​
 Dec. 31 2020  0.59        0.60       0.66      Beat    10.6
 Sep. 30 2020  0.47        0.46       0.71      Beat    53.2
 This summary was machine generated October 21 at 16:22 GMT.  All
figures in US dollars  unless otherwise stated