HNI Corp reports results for the quarter ended in December - Earnings Summary

HNI

23/02/2024 03:03

* HNI Corp  HNI.N  reported quarterly adjusted earnings of
98
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 63
cents.  The mean expectation of four analysts for the quarter
was for earnings of 83 cents per share. Wall Street expected
results to range from 80 cents to 84 cents per share.
    * Revenue rose 19.5% to $679.80 million from a year ago;
analysts
expected $684.85 million. 
    * HNI Corp's reported EPS for the quarter was 48 cents​.
    * The company reported quarterly net income of $22.7
million.
    * HNI Corp shares had risen by 2.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
supplies peer group is also "buy"

Wall Street's median 12-month price target for HNI Corp is
$50.00 
This summary was machine generated from LSEG data February 23 at
03:02 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.83           0.98           Beat
 Sep. 30 2023      0.63           0.93           Beat
 Jun. 30 2023      0.21           0.55           Beat
 Mar. 31 2023      -0.03          0.13           Beat