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

HNI

08/08/2023 14:34

* HNI Corp  HNI.N  reported quarterly adjusted earnings of
55
cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
21 cents per share.
    * Revenue fell 9.4% to $563.50 million from a year ago;
analysts
expected $564.29 million. 
    * HNI Corp's reported EPS for the quarter was a loss of 30
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * HNI Corp shares had risen by 1.3% this quarter and
gained 0.4%
so far this year.
    * The company reported a quarterly loss of $12.8 million.
    * Wall Street's median 12-month price target for HNI Corp is
$35.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 01:34 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.21           0.55           Beat
 Mar. 31 2023      -0.03          0.13           Beat
 Dec. 31 2022      0.48           0.63           Beat
 Sep. 30 2022      0.65           0.71           Beat