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

HNI

28/07/2022 19:32

* HNI Corp  HNI.N  reported quarterly adjusted earnings of
52
cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
34 cents per share.
    * Revenue rose 21.8% to $621.70 million from a year ago;
analysts
expected $606.65 million. 
    * HNI Corp's reported EPS for the quarter was 72 cents​.
    * The mean earnings estimate of analysts had fallen by
about 26.7%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * HNI Corp shares had risen by 4.4% this quarter and
lost 13.9% so
far this year.
    * The company reported quarterly net income of $30.3
million.
    * Wall Street's median 12-month price target for HNI Corp is
$51.00 
    * 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." 

This summary was machine generated from Refinitiv data July 28
at 06:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.34           0.52           Beat
 Mar. 31 2022      0.23           0.33           Beat
 Dec. 31 2021      0.41           0.43           Beat
 Sep. 30 2021      0.43           0.43           Met